ORIGINAL REPORTING: How The Power System Will Benefit From Cars With Plugs
The new EV playbook: How utilities can gain from the coming boom in electric vehicles; Electric vehicles can offer grid services at bargain prices if charging is done when and where utilities need it
Herman K. Trabish, June 27, 2016 (Utility Dive)
Editor’s note: The EV opportunity for utilities and consumers continues to improve.
After years of sluggish growth, electric vehicles (EVs) still represent well under 1% of the total transportation fleet. But the utility industry can use this period of slow growth to lay the groundwork for an integration of the power grid and the transportation sector. Through the use of properly-sited charging stations and rate design price signals, utilities can stimulate the adoption of electric transportation and utilize it to build a cleaner, more resilient grid, according to Electric Vehicles as Distributed Energy Resources. And if they fail to prepare, it could hamper the transition to electric transportation and impose more costs on drivers and ratepayers alike.
In 2015, 17.4 million passenger vehicles were sold in the U.S., but only 0.7% (116,597) were EVs. The 407,136 EVs in the U.S. are just 0.16% of the passenger vehicle fleet. Full penetration of EVs is a long way off but solutions are emerging for the high upfront cost and limited battery range that have been the longstanding barriers to greater EV adoption. A complete transition could increase U.S. electricity demand 25% but with planning it would not increase peak generation and could reduce the unit cost of electricity by eliminating the need to invest in peaking capacity. Wisely expanded EV deployment will offer stakeholders two key grid services. Intelligently managed, EVs can provide demand response or maximize the value of variable renewables by minimizing curtailment… click here for more
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