February 29, 2024

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Masterplan Drives the Future of Electric Vehicles in NSW

 NSW drivers can access the largest fast-charging network in Australia under the state’s electric vehicle charging master plan. The master plan is an interactive online resource for electric vehicle (EV) charging providers and planners to explore the network’s potential and invest in its expansion. It has a fully open-access map that enables investors to identify ideal locations for electric vehicle fast-charging infrastructure and helps to assess applications for EV charging grants.

The NSW Government will co-fund 1,000 charging bays along key travel routes across the state, while private investors provide around $160 million toward the initiative. The region’s Transport and Roads Minister said the master plan highlights NSW’s plans to boost its existing charging network by more than 300%. This means the state will have more EV charging stations than other Australian states and territories combined.

It was noted that the ultra-fast chargers will allow vehicles to charge to optimal range in under 10 minutes or about the time it takes to have a cup of coffee – future-proofing the state and signalling to the market that NSW is ready to receive more EV models. Once implemented, all EV charging stations will be powered with renewable energy, to significantly reduce NSW’s carbon emissions to zero.

Electric vehicle uptake in Australia is currently lower than in other developed countries but the number of EVs is expected to grow as cheaper models arrive and more charging infrastructure is rolled out. Alongside the Clean Energy Finance Corporation, the Australian Electric Vehicle Market Study Report was published and explored topics such as the potential uptake of EVs in Australia.

According to the report, EVs are expected to match petrol vehicles on both upfront price and range by the mid-2020s. Once EVs reach this price parity with internal combustion engine vehicles, sales of EVs are expected to rapidly increase.

The potential benefits of EVs include:

  1. Reduced fuel costs
  2. Lower maintenance costs
  3. Enhanced energy security
  4. Reduced air pollution (with associated health benefits)
  5. An improved driving experience
  6. Greenhouse gas emissions can be eliminated if EVs are charged using renewable energy.

To date, more than 7 million EVs have been sold worldwide with the pace of sales accelerating rapidly. According to Bloomberg’s Q3 2020 Global Electrified Transport Market Outlook, more than two million EVs were sold in 2019. Bloomberg expects global growth of 7% in 2020.

ARENA’s purpose is to support the global transition to net zero emissions by accelerating the pace of pre-commercial innovation, to the benefit of Australian consumers, businesses and workers. By connecting investment, knowledge and people to deliver energy innovation, we help to build the foundation of a renewable energy ecosystem in Australia.

EV charging can provide benefits to the grid if appropriately managed. If they are charged when there is plentiful cheap solar and wind power they can increase the use of renewable energy, with less need for electricity storage. Conversely, if EV charging is uncoordinated, additional generation and network investment may be required, increasing total electricity system costs.

Working out how to manage EV charging to best complement an electricity system, increasingly powered by renewables, will require new technologies and business models, as well as coordination between the EV industry, electricity sector – including retailers, networks and market bodies – and government.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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