Electric Vehicle Mileage Share to Exceed 20% by 2030 But Urban Charging and Grid Challenges Loom Large

This shift to electric mobility services has important consequences for both charging station and grid infrastructure requirements. The business imperative of continuous operation and availability from both a profitability and customer experience perspective will drive the need for a granular network of both DC fast charging and future wireless public charging stations. With accelerating EV penetration, increasing stress on public grids will have to be mitigated by advanced demand-response and load balancing software solutions, EV charging management and Vehicle-to-Grid systems, widespread adoption of microgrids, and a more holistic, cross-vertical approach to energy management. Suppliers active in this space include Hevo Power, eMotorWerks, Greenlots, Nuvve, Jedlix, MOEV, and FleetCarma, recently acquired by Geotab. Ultimately, the transportation electrification revolution will require a fundamental redesign of the grid itself, tailored to accommodate distributed and decentralized...

This shift to electric mobility services has important consequences for both charging station and grid infrastructure requirements. The business imperative of continuous operation and availability from both a profitability and customer experience perspective will drive the need for a granular network of both DC fast charging and future wireless public charging stations. With accelerating EV penetration, increasing stress on public grids will have to be mitigated by advanced demand-response and load balancing software solutions, EV charging management and Vehicle-to-Grid systems, widespread adoption of microgrids, and a more holistic, cross-vertical approach to energy management. Suppliers active in this space include Hevo Power, eMotorWerks, Greenlots, Nuvve, Jedlix, MOEV, and FleetCarma, recently acquired by Geotab. Ultimately, the transportation electrification revolution will require a fundamental redesign of the grid itself, tailored to accommodate distributed and decentralized modes of renewable energy consumption and generation in urban contexts.

Finally, smart cities transportation electrification will be multimodal, with EVs complemented by electric 2-wheel vehicles (bikes, scooters, and motorbikes), shuttles, boats, and future passenger carrying drones. Clearly, the dominance of car-based mobility is not sustainable. Uber's recent investment in and partnership with Lime on electric scooter sharing and Lyft's strategy to integrate bike and scooter sharing shows the urban mobility landscape is yet again being reshaped.  

These findings are from ABI Research's Smart Cities and Transportation Electrification report. This report is part of the company's Smart Cities and Smart Spaces research service, which includes research, data, and Executive Foresights. 

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