EV adoption in the US is taking off, bolstered by billions of dollars in federal funding. By 2030 there may be 48 million EVs on US roads, and they need to stay charged. Should US utilities be concerned about their ability to meet the demand for EV charging? Not as a whole, however, when all EVs on the block plug in at the same time, the surge in demand for electricity will soon challenge the grid’s capacity. Utilities should embrace this challenge as an opportunity because they are perfectly positioned to play a key role in the domain of EV charging.
This white paper discusses the strategy US utilities can take to:
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