Larger Electric Vehicle Parc to Generate Investment Opportunities in the Utility Grid Infrastructure

Photo - https://mma.prnewswire.com/media/1035912/141319046_EV_Charging.jpg   Photo -https://mma.prnewswire.com/media/1035912/141319046_EV_Charging.jpg  "Utilities will play a bigger role in the transportation electrification revolution with offerings such asEV-specific dynamic pricing, integration withdecentralized storage units,vehicle-to-anything( V2X ), andworkplace charging incentives," said Vasanth Krishnan, Research Analyst for Energy & Environment at Frost...

Photo - https://mma.prnewswire.com/media/1035912/141319046_EV_Charging.jpg  

"Utilities will play a bigger role in the transportation electrification revolution with offerings such as EV-specific dynamic pricing, integration with decentralized storage units, vehicle-to-anything (V2X), and workplace charging incentives," said Vasanth Krishnan, Research Analyst for Energy & Environment at Frost & Sullivan. "Collaborative efforts between various stakeholders in the automotive and energy value chain are critical for utilities to offer competitive bundled services and products."

Frost & Sullivan's recent analysis, Impact of Electric Vehicles on Power Demand, Forecast to 2040—A Perspective on Key Global Growth Markets, provides a holistic overview of EV penetration and its potential impact on energy demand. It analyzes its effect on stakeholders such as EV manufacturers, battery suppliers, power utilities and infrastructure, EV end users, regulators and external actors, and EV aggregators. It also presents recommendations on the strategies for energy service providers and the action plan for utilities. The study covers the geographical markets of the US, Europe, the UK, Germany, China, and Japan.

For further information on this analysis, please visit: http://frost.ly/3w2

"China and the US are likely to face a supply gap in the early-to-mid 2030s, while Germany and Japan have around five years longer before the situation becomes critical," noted Jonathan Robinson, Research Manager for Energy & Environment at Frost & Sullivan. "However this supply deficit is only part of the issue. EV's will bring considerable variable load onto the grid, which is an opportunity – as long as there is investment in the 2020s to handle this."

Currently, many utilities in key markets are still exploring options in terms of EV charging and tariffs. The majority of the grid investment is expected to be focused on the distribution side, aimed at increasing the capacity. For greater investment opportunities, utilities will look to:

Impact of Electric Vehicles on Power Demand, Forecast to 2040—A Perspective on Key Global Growth Markets is part of Frost & Sullivan's global Energy & Environment Growth Partnership Service program.

About Frost & Sullivan

For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Impact of Electric Vehicles on Power Demand, Forecast to 2040—A Perspective on Key Global Growth Markets
MEB5-14

Contact:
Jaylon Brinkley
T: +1 210 247 2481
E: [email protected]

http://ww2.frost.com