Climate change and the property market
These consultations of course follow (and are aiming to achieve) the Government’s target of to ensure that no new petrol and diesel cars are sold in the UK from 2040 (the Government’s Road to Zero strategy). Both consultations are currently live and are due to close on the 7 October 2019.
The consultation is proposing the following:
Whilst these proposals are clearly a step in the right direction, it does raise a number of further questions:
Whilst the first consultation focuses on the implementation and provision of EV charging points, this consultation seeks to introduce minimum standards for such EV charge points. The principle minimum standard the Government wants to ensure is that all EV charge points are ‘smart’. This means that the charge point gives the user/consumer the choice and flexibility as to when the wish to charge, allowing them to choose the time of day for charging and speed for charging remotely. The advantage for this is twofold, for the consumer, it can choose to charge at ‘off-peak’ times (say for example overnight, rather than immediately upon arrival at home after work between 5-7pm), and for the environment, it reduces the burden on the electricity supplies during such peak times.
The shift from fossil fuels to EV’s is likely to bring about a drastic change in the habits of EV users. Once EV’s are the norm, it follows that charging of the EV’s will predominantly occur at the home, or at individual spaces in public car parks/office car parks. With the introduction of smart charging, we are likely to see new ‘spikes’ in electricity usage that do not follow the ‘traditional’ pattern. The effects of this on the grid are not yet know, but this consultation is seeking to minimise the impact and maximise the benefits of EV’s.
If you have any questions or require property law advice, please contact the Real Estate and Construction team.
David Newnham is an associate in the Real Estate and Construction team. David focuses on acquisitions and disposals of both commercial and residential property.
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