COVID-19 could spark new opportunities for EV industry

Coronavirus is causing global chaos, but amid the noise there is optimism and expectation about the future of electrification

Despite the current gloomy climate, is there a silver lining in the COVID-19 shutdowns? 

The global population is taking a forced pause from daily life and disruption of the status quo is showcasing potential benefits of a zero-emission society.

“The Chinese character for ‘crisis’ is a combination of two characters: danger and opportunity,” says Daniel Breton, CEO of Electric Mobility Canada, one of several Canadian leaders Electric Autonomy spoke to for this story.

“To me, people in this industry have to take this crisis as an opportunity.”

Many EV stakeholders encourage the sector to view this time as a lemons into lemonade situation: there will be a future post-pandemic and the EV industry can leverage its momentum to ensure it not only survives COVID-19, but thrives.

Keeping EVs on the policy agenda

“Governments can use the current situation to step up their climate ambitions and launch sustainable stimulus packages focused on clean energy technologies…we need to seize the opportunity to help accelerate them,” International Energy Agency executive director, Fatih Birol, wrote in a statement addressing coronavirus’s impact on clean energy initiatives.

COVID-19 is dominating government focus, but stakeholders worldwide are making sure the climate file stays on legislator’s desks and the upward trajectory of the EV industry continues.

The first test of Canadian government resolve will come with the unveiling of the 2020 federal budget, which had been expected to contain significant EV incentives.

“We expect the federal and provincial governments to provide stimulus funding to support the economy, and to continue key programs,” says Travis Allan, VP of public affairs for EV charging network FLO.

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