Finland is located on the periphery of Europe and transport distances within the country are long. In many cases, more energy is used in logistics than in manufacturing. Primary energy supply in Finland is diverse, with five different fuels contributing more than 10% each to total supply.
Domestic production is largely based on renewable sources with significant nuclear energy production. Imports consist mainly of oil, gas, and solid fuels, with the Russian Federation being a major supplier for all three fuels.
Electricity generation is also diverse in terms of fuels used, with renewable energy contributing the largest share and natural gas exhibiting the largest increase in recent years.
The most important renewable sources of energy in Finland include bioenergy—wood and wood-based fuels in particular—as well as hydropower, wind power, and ground-source heat.
Electric vehicles (EVs) are on their way in Finland with cautious optimism for growth. The strong environmental culture and willingness to accept new technologies are strong motivators for improved transport options.
The government policies are tied to greenhouse gas (GHG) reduction targets and currently do not favor or subsidize EVs. Overall targets for GHG reduction can be met currently with the use of biofuels which are in ready supply from Finland’s forests.
However, EVs will increasingly become necessary in the coming decades to achieve GHG reductions. Charging infrastructure using intelligent charging is needed to inspire consumer confidence in adopting EVs or PHEVs.
As the world’s most industrialized northern nation, Finland’s many businesses for key technologies related to EVs are readily developing. They represent ideal opportunities to participate in the burgeoning worldwide EV industry.
The Valmet and European Batteries factories are two prime examples. Finland also possesses skilled knowledge in power electronics and information technology needed to develop intelligent charging technology.
Additionally, the mining company Keliber Oy will supply lithium needed for lithium-ion battery production. Finland is in the beginning stages of the EV transport with a promising road ahead.