A new business line specifically for electric mobility

Facilitating the transition to electricity in public and private transportation with the installation of charging infrastructure and the provision of simple, scalable, smart, cutting-edge technological solutions. This has been the mission of Enel X’s e-Mobility business line ever since its creation in 2017. In light of the worldwide growth of the electric market, that commitment now requires new attention and a new dimension. With this in mind a reorganization was conducted that has led to the creation of the Global e-Mobility business line that will be dedicated exclusively to electric mobility, offering the possibility to create joint ventures with car manufacturers and in the emerging sector of electric buses, which are forecast to see an 83% increase in sales between now and 2040.

The Enel Group’s journey into the world of sustainable mobility began gradually with the first electric vehicle charging pilot projects back in 2010, moving on to the adoption of the first Fast Recharge infrastructure in 2013 before expanding into important foreign markets, such as the US in 2017 and China in 2020. According to BloombergNEF forecasts, by 2025 electric cars will make up 10% of global passenger vehicle sales, rising to 28% in 2030 and to 58% in 2040. There are three main factors driving the development of e-Mobility:

• Sustainability

Reducing emissions of local pollutants and facilitating decarbonization, consequently improving air quality in cities and people’s quality of life.

• Flexibility

The possibility to charge electric cars anywhere according to users’ needs, whether at home, in public spaces while on the road, or at work.

• Saving money

Saving on refueling and maintenance costs, but also free access to restricted traffic zones in some cities and free parking in paid parking areas.*

During the presentation of the 2022-2024 Strategic Plan at the latest Capital Markets Day, held on November 24, Francesco Starace, CEO and General Manager of the Enel Group, mentioned the company’s intention to reinforce its commitment to the e-Mobility sector. “We have developed a step-by-step pathway, which started before Enel X, to put the infrastructure on the cloud,” he explained. ”This led us to manage electricity grids in an innovative way. Now there is a need to speed up the development of electric mobility around the world.”

 

The new division will be led by Elisabetta Ripa, former head of Open Fiber, and will have a specific focus on technology and related services. The goal is to develop modular solutions based on customer needs, that can improve commercial and industrial effectiveness and enable a unique positioning that facilitates the achievement of economies of scope and scale.  “We have brought it into being, and we believe that we need to expand it to include other partners to support the development effort,” added Starace. The new division of the company will therefore welcome other partners, while Enel will retain the majority share.

 

_{*source: https://www.enelx.com/it/it/guide/mobilita-elettrica/veicoli-elettrici}