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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…

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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

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