Electric Vehicles and the Power Grid: Emergence and Convergence
As EV purchase prices drop, public charging stations spread, performance improves, and automakers develop more broadly appealing models with longer ranges, EV adoption will soon hit a tipping point. As EV charging places greater demands on the power system, it also represents a large new source of demand for the utility industry.
Many utilities see EVs as a large opportunity, but they are only beginning to explore how to most effectively participate in the emerging electrification of transportation fleets. This whitepaper examines what utilities are doing—and what needs to be done—to integrate EVs to facilitate what is an operational challenge, an important revenue stream, and a promising grid management resource.
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