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WEF – Scaling Investment in EV Charging Infrastructure

Summary
This report discusses the importance of collaboration between city governments and the private sector to expand electric vehicle infrastructure. It emphasizes the need for city governments to create a conducive environment for the development of charging infrastructure through strategic planning, standardization of processes, data utilization, and addressing grid capacity and access to electricity. Key strategies for city governments include developing strategic plans, identifying priority charging areas, making land available for charging infrastructure, and incentivizing private-sector investment. The report also highlights the importance of establishing regulations for charging infrastructure, leveraging data on EV ownership and traffic demand, and planning for additional power sources to meet the increasing demand for EV charging. Overall, the success of electric vehicle adoption depends on the collaborative efforts of city governments, private-sector stakeholders, and regulatory bodies to create a comprehensive and inclusive charging network.
Region: Global 
Published: September 2024 
Author(s): WEF 
Language: English 
Geopolitical drivers: Economic conditions 
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