Ban of fossil fuel vehicles in the uk 2030: how will this affect energy companies?
By Josh Devenport, Junior Content Creator at BJSS
Today there are around 317,000 electric vehicles on the road in the UK. Going forward, projections by National Grid suggest that the UK stock of EVs could reach between 2.7 and 10.6 million by 2030 and could rise as high as 36 million by 2040. This considerable rise means that energy companies will need to accelerate the delivery of new electric vehicle services and energy generation facilities from renewable sources.
The proven experimentation approach that we offer is designed to deliver rapid time to value, encourage collaboration and knowledge transfer, save costs and enable the effective transition of digital services to offshore teams. Here’s how:
Idea: 2 hours – 5 days: This is where the process starts as an idea which can take as little as two hours and take as long as five days, our framework takes any hunch or idea and provides a structure to create a series of tests to validate the idea in a way that is efficient. This is achieved while reducing the risk of sunk investment and increasing confidence in the resulting solution.
Experimentation: 1 day – 2 weeks: We then validate your idea by developing a set of testable hypotheses. They are validated through rapid experimentation, assessing the idea against the criteria of feasibility, viability and desirability.
Proof of Concept: 4 – 6 weeks: Successful experiments are then developed into PoCs using an agile delivery approach. The resulting PoC is then tested for viability.
Minimum Viable Product: 4 – 6 weeks: Viable PoCs are then scaled and launched as MVPs, with the appropriate service delivery controls in place. More research and experimentation can be conducted at this stage to ensure continuous improvement.
Offshore: Offshore teams can be involved and upskilled throughout the process, allowing for a seamless service transition.
We take this approach because it will support your investment process by providing tangible evidence through visualising the art of the possible, while also experimenting within the right parameters to understand the art of the feasible, viable, and desirable for your business. It also provides many benefits such as increased time to value, and a highly collaborative process that is designed for collaboration and knowledge transfer. There is less commitment for the client, fewer risks and reduced risk of sunk investments. Importantly, it helps to increase confidence in any resulting solution, ensuring you end up with something that is aligned to your strategic goals, risk appetite and needs.
The fossil fuel vehicle sales ban in 2030 is set to cause a dramatic shift towards electric vehicle use. While most energy companies are preparing for this shift already, many of them do not have the necessary processes and operating models in place to reinvent their busineses to accommodate the rapid growth of electric vehicle use. However our proven experimentation approach combined with our experience of working within large, siloed organisations means that we can break down the barriers to rapid transformation and help you evolve at the pace required to meet the demands of the electric vehicle age.
Contact us today for a free initial discussion about how we can help you prepare for the upcoming challenges in 2030.