Crossing the tipping point - Heat Pumps Case Study - In partnership with:

50 50 • Air-to-air heat pumps are the cheapest type of heat pump to own but the popularity of different types is influenced by the heating infrastructure that 0 0 each country has. [...] 0.050.05 • The lower running costs of heat pumps can reduce people’s exposure to fuel price spikes such as those currently seen in Europe due to the Russian 0 0 invasion of Ukraine. [...] The choice of heat pump shown is determined by most popular type in Air-air heat pump each country. [...] This is because early 4 20 in the transition, subsidies are only applied to a small part of the heating market while, to be effective, taxes must cover the larger fossil fuel boiler share of the market. [...] -4.0% • Nevertheless, if the largest markets for heating technology align their policies towards heat pumps making up at least 80% of new heating appliance sales by 2035, the purchase price of heat pumps globally could be reduced by an extra 8-9% by 2050, on top of the 30-35% reduction expected on current trends.