Climate change is top of the agenda on a global scale, and one of the most important strategies to slow the pace of global warming is to reduce the burning of fossil fuel and CO2 emissions. The use of electric vehicles (EVs) and the provision of EV charging stations is only one strategy being adopted by our Members in the fight against climate change but is not without risk.
Europe is well ahead of Australia with almost 25% of all registered vehicles being either hybrid models or fully electric – and there is plenty we can learn from the European experience. As the uptake of electric vehicles gains momentum here over the coming years, and the number of charging stations increase, there are a suite of risks that our Members will need to understand and manage. In this emerging risk report, we look at:
Remember Sol from the Castrol Oil Advertisement when he said “Oils ain’t oils”? Well, the same applies to EVs. There are a lot of different types, from all-electric battery electric vehicles (BEV) to gasoline-reliant hybrid-electric vehicles (HEV), with a whole rainbow of variations between. Some electric vehicles even rely on fuel cells or gasoline generators to provide electricity instead of powerful battery banks.
The unifying factor is that all electric vehicles utilise an electric motor to drive the vehicle, either alone or in concert with a gasoline-reliant internal combustion engine (ICE). While all these vehicles use electricity in one way or another, only BEVs are pure EVs. Unlike other types of EVs, BEVs rely only on battery power. These vehicles don’t have internal combustion engines, don’t have exhaust pipes, and produce zero emissions during operation. Since there is no internal combustion engine, the battery needs to be charged by plugging it in.
The definition for each type of vehicle is listed below:
As the uptake of electric vehicles gains momentum in the coming years, and the number of charging stations increase, there are a suite of risks that universities will need to understand and manage.
Read other Emerging Risk Reports here.