Electric vehicles (EVs) adoption is growing rapidly. Bloomberg New Energy Finance forecasts that within five years, the cost to produce EVs will be equivalent to internal combustion engine vehicles (ICEVs), and lower cost thereafter. Public policy is likewise driving EV adoption, with the Government of Canada targeting the phase out of new ICEV sales by 2035. Achieving local, national and global climate targets will require the near complete electrification of transportation prior to 2050. In response to this quickly growing market, municipalities and developers are trying to determine how to ensure their communities are future proofing themselves regarding EV uptake and readiness. The Clean Air Partnership has partnered with AES Engineering to develop an Ontario EV Ready New Residential Construction Costing Study and conduct associated technical and policy analysis with municipal, developer and utility stakeholders. This webinar shared the results of the Electric Vehicle Costing Study that speaks to Ontario specific costs and how energy management systems can play a role in reducing costs to developments to achieve EV Readiness. This work is funded by a grant from The Atmospheric Fund.
