It may still be early days, but the electric vehicle (EV) revolution is firmly underway. Change will be sweeping, resulting in new demands on (and from) the EV customer, innovative business models will be developed, and there will be increasing strains on our electricity networks, particularly at peak charging times. Are energy suppliers, grid operators and customers ready?
- 10s of millions of electric vehicles on European roads by 2030 – putting significant additional demand on our electricity networks.
- Smart charging will be critical in shifting electricity demand – due to vehicle charging – away from peak times of day.
- Customer propositions are evolving towards the provision of mobility services with electric vehicles, energy tariffs and charging provided in one bundle.
- Companies that offer simple propositions – with great customer experience – are best placed to succeed. Vehicle-2-Grid – bi-directional charging – offers huge potential but costs must fall further to generate mass-market appeal.
- New business models are being developed to ease congestion – and capture new value streams – at all levels of the electricity grid, from individual homes, to distribution grids and to the high-voltage transmission network.