The EV Future Is At Hand

Powering the future of mobility; How the electric power sector can prepare for its critical role in the new transportation ecosystem

Scott Smith, Suzanna Sanborn, Andrew Slaughter, October 16, 2017 (Deloitte Insights)

Utilities have struggled for years with stagnant electricity demand and high costs for upgrading aging infrastructure, but electric vehicles (EVs) could be the lifeline to maintaining their bottom line and give the power industry the jolt it needs [according to Deloitte’s Powering the Future of Mobility: How the electric power sector can prepare for its critical role in the transportation ecosystem]…Projections for US and global EV market-share growth over the next two decades vary widely, from as low as 10% to more than 50% by 2040. But one thing is certain, the automotive industry and other players are betting big on EVs, as shown by recent investments...[If] the power industry embraced the EV revolution…EVs can aid in the integration of renewable and distributed energy resources…Help balance and fine-tune electricity supply and demand on the grid, and…Provide opportunities for utilities to engage customers and offer them new products and services…” click here for more

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