image credit: Adobe Stock

Lower-Cost Managed Charging Paves the Way for EV Adoption

September 28, 2023

It’s no secret that the widespread adoption of electric vehicles (EVs) is pivotal to creating a more sustainable future. Fortunately, consumers are embracing electrification, with reports indicating that EVs will make up nearly 67% of new light-duty vehicle sales and 46% of new medium-duty vehicle sales by 2032.

While these reports are promising, the transition to decarbonizing our roads faces a significant speed bump: an aging grid. EVs require an excessive amount of electricity to “fuel,” increasing energy requirements and putting additional strain on a grid not built to accommodate such high demands. Upgrades are necessary now, as the REPEAT Project found that U.S. greenhouse gas emissions will increase by 800 million tons annually by 2030 if the grid fails to develop more than 1% yearly. To hit net zero, the grid must grow 2-3% yearly.

Read More on Power Magazine