Abu Dhabi Starts Levying Uniform Fees for EV Charging
Territories across the world are increasingly turning toward electric vehicles (“EVs”) in a bid to reduce their reliance on fossil fuels and cut their carbon emissions. This involves the cooperation of both governments and the private sector, with lawmakers passing policies that support the growth of the nascent EV sector and the public sector developing cheaper and more efficient EV technology. One of the main factors hindering mass electric vehicle adoption has been range anxiety coupled with insufficient charging infrastructure, and territories have been constantly working to overcome these issues and increase adoption.
Abu Dhabi’s Department of Energy (“DOE”) recently approved a governance framework for EV charging that would streamline how drivers charge their electric vehicles across the emirate. EV owners living in commercial buildings and private residences in Abu Dhabi will now be required to install submeters for electric vehicle charging units by Dec. 31, 2021. The new governance framework also defines a standardized tariff for all registered electric vehicle charging units in Abu Dhabi, which will be monitored by the Abu Dhabi Company (“ADDC”) and Al Ain Distribution Company (“AADC”).
The emirate, which has 200 public electric vehicle charging units, will levy an additional Dh 92 ($25.05) to monthly ADDC/AADC bills until EV owners install a submeter for their electric vehicle charging units. Once they install a submeter and register the charging unit, EV drivers will start paying a standard tariff of 30 fils ($0.082) per kilowatt to charge their cars. The ADDC and AADC will do the installations for free until the end of the year. Customers have until Dec. 31, 2021, to install the submeters; violators will be fined.
The new framework is designed to boost the integration of electrified transport networks and encourage the private sector and customers to participate in the growth of the nascent EV sector, as well as boost the adoption of electric vehicles in the emirate, a statement by the authority says. According to Abu Dhabi Department of Energy chairman Awaidha Al Marar, electrification plays a crucial role in Abu Dhabi’s energy transition and decarbonization plans, and the emirate will continue taking decisive action to achieve these goals.
Transportation is Abu Dhabi’s largest source of carbon emissions, he says, and any efforts to reduce greenhouse gas emissions in the country will have to involve EVs. Leveraging zero-emission electric vehicles will allow the emirate to cut down on its carbon emissions by a wide margin, improve air quality and encourage the creation of new industries.
With companies such as Ideanomics Inc. (NASDAQ: IDEX) bringing new technologies to the EV industry, it may not be long before governments team up with those companies to bring a measure of uniformity to the way motorists are charged for juicing up their EV batteries in various jurisdictions, similar to what Abu Dhabi has done.
NOTE TO INVESTORS: The latest news and updates relating to Ideanomics Inc. (NASDAQ: IDEX) are available in the company’s newsroom at https://ibn.fm/IDEX
Please see full terms of use and disclaimers on the Green Car Stocks website applicable to all content provided by GCS, wherever published or re-published: https://www.GreenCarStocks.com/Disclaimer
Territories across the world are increasingly turning toward electric vehicles (“EVs”) in a bid to reduce their reliance on fossil fuels and cut their carbon emissions. This involves the cooperation of both governments and the private sector, with lawmakers passing policies that support the growth of the nascent EV sector and the public sector developing cheaper and more efficient EV technology. One of the main factors hindering mass electric vehicle adoption has been range anxiety coupled with insufficient charging infrastructure, and territories have been constantly working to overcome these issues and increase adoption.
Abu Dhabi’s Department of Energy (“DOE”) recently approved a governance framework for EV charging that would streamline how drivers charge their electric vehicles across the emirate. EV owners living in commercial buildings and private residences in Abu Dhabi will now be required to install submeters for electric vehicle charging units by Dec. 31, 2021. The new governance framework also defines a standardized tariff for all registered electric vehicle charging units in Abu Dhabi, which will be monitored by the Abu Dhabi Company (“ADDC”) and Al Ain Distribution Company (“AADC”).
The emirate, which has 200 public electric vehicle charging units, will levy an additional Dh 92 ($25.05) to monthly ADDC/AADC bills until EV owners install a submeter for their electric vehicle charging units. Once they install a submeter and register the charging unit, EV drivers will start paying a standard tariff of 30 fils ($0.082) per kilowatt to charge their cars. The ADDC and AADC will do the installations for free until the end of the year. Customers have until Dec. 31, 2021, to install the submeters; violators will be fined.
The new framework is designed to boost the integration of electrified transport networks and encourage the private sector and customers to participate in the growth of the nascent EV sector, as well as boost the adoption of electric vehicles in the emirate, a statement by the authority says. According to Abu Dhabi Department of Energy chairman Awaidha Al Marar, electrification plays a crucial role in Abu Dhabi’s energy transition and decarbonization plans, and the emirate will continue taking decisive action to achieve these goals.
Transportation is Abu Dhabi’s largest source of carbon emissions, he says, and any efforts to reduce greenhouse gas emissions in the country will have to involve EVs. Leveraging zero-emission electric vehicles will allow the emirate to cut down on its carbon emissions by a wide margin, improve air quality and encourage the creation of new industries.
With companies such as Ideanomics Inc. (NASDAQ: IDEX) bringing new technologies to the EV industry, it may not be long before governments team up with those companies to bring a measure of uniformity to the way motorists are charged for juicing up their EV batteries in various jurisdictions, similar to what Abu Dhabi has done.
NOTE TO INVESTORS: The latest news and updates relating to Ideanomics Inc. (NASDAQ: IDEX) are available in the company’s newsroom at https://ibn.fm/IDEX
Please see full terms of use and disclaimers on the Green Car Stocks website applicable to all content provided by GCS, wherever published or re-published: https://www.GreenCarStocks.com/Disclaimer
