Households with One Electric Vehicle Could Consume 37% More Daily Energy - Underscoring the Need for Load-Balancing Technologies

NEW YORK, Nov. 3, 2022 /PRNewswire/ -- Governments are setting aggressive goals to ban sales of Internal Combustion Engine (ICE) vehicles, and there has been a growing commitment by carmakers to achieve net zero goals. However, little attention has been given to developing a smart and flexible energy system. According to global technology intelligence firm ABI Research, households with one Electric Vehicle (EV) could consume 37% more daily energy. Most importantly, EVs will shift peak demand in households from 4-8 kWh to 11 kWh, creating new loads, shapes, and peaks not previously considered in resource plans. Combined with the increasing use of intermittent renewable energy, higher EV adoption will increase the risks of electricity outages in peak periods because the available energy supply will be insufficient to satisfy the demand. On the upside, a wide range of load-balancing solutions can promptly provide the required grid flexibility to support vehicle electrification.