News ID: 251796
Published: 0959 GMT April 23, 2019

Electric vehicle study sees opportunity for utilities

Electric vehicle study sees opportunity for utilities
A Tesla electric car supercharger station is seen in Los Angeles, CA, the US, on August 2, 2018.

Increasing demand for electric vehicles in the US over the next decade will create revenue opportunities for electric utilities that invest in greater grid capacity and offer EV charging and related services, according to a study released on Tuesday.

The study, by the Boston Consulting Group, assumes a significant leap in consumer demand for electric vehicles, which continue to account for only a fraction of US vehicle sales, Reuters reported.

BCG estimates that 20 to 30 percent of all US new car sales by 2030 will be electric or hybrid gasoline-electric vehicles. Last year, plugin hybrids and pure EVs accounted for just two percent of total US car sales, according to the website

BCG predicted that up to 12 percent of all vehicles on US roads will be plugin hybrid or pure electric by 2030, stretching “the capacity of the current grid” when charging in certain locations or at certain times of day.

The study’s authors suggested that utilities consider expanding their range of services and explore such options as subscription services that impose a flat EV charging fee while providing customers with a free home charger that automatically charges a vehicle overnight and during periods of off-peak demand.

Utilities also were urged to consider offering consulting services, as well as software solutions to both consumer and commercial customers for energy and fleet management.




Meanwhile, Tesla Inc. revealed its self-driving plans during an investor day on Monday, with Chief Executive Elon Musk predicting the launch of an autonomous robotaxi service next year in some US markets.

Musk has touted the electric car maker’s self-driving capabilities over the years, highlighting its semi-autonomous Autopilot system.

Tesla began offering a feature described as “Full Self-Driving Capability” in 2016. The company instructs drivers to keep their hands on the wheel when those systems are engaged, sparking some criticism of the term.





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