Increasing demand for electric vehicles in the United States, 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 U.S. vehicle sales.
BCG estimates that 20 to 30 per cent of all U.S. new car sales by 2030 will be electric or hybrid gasoline-electric vehicles.
Last year, plug-in hybrids and pure EVs accounted for just two per cent of total U.S. car sales, according to the website InsideEVs.com.
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BCG predicted that up to 12 per cent of all vehicles on U.S. roads will be plug-in hybrid or pure electric by 2030, stretching “the capacity of the current grid” when charging in certain locations or at certain times…
