EVs Could Drive 38% Rise in US Electricity Demand, DOE Lab Finds
by Robert Walton (Utility Dive) Rising electricity demand could lead to sustained absolute growth of 80 terawatt-hours per year, according to the U.S. Department of Energy’s National Renewable Energy Laboratory. — … The study considers three scenarios, a reference case and medium- and high-adoption electrification predictions. All indicate demand growth, but in the medium and high scenarios for 2050, U.S. electricity consumption increases by 20% and 38%, respectively, compared to business as usual.
Utilities could go from stagnant demand to compound annual growth rates of 1.6%, which would amount to sustained absolute growth of 80 terawatt-hours per year.
Study results should hearten utilities, ….
However, utilities have largely bought into the dream.
“Electric vehicles are the biggest opportunity we see right now,” Energy Impact Partners CEO Hans Kobler told Utility Dive. And the impact could go beyond just higher kilowattt-hour sales.
“When the transportation sector is fully electrified, it will result in around $6 trillion in investment,” Kobler said. “Half of that is on the infrastructure side of the utility.” And the industry can also benefit through ratebasing charging stations and managing the new demand.
Earlier this year, the California Energy Commission released an analysis of what infrastructure was necessary to reach the state’s EV goals, and concluded EV chargers could add 1 GW of peak demand to the grid. READ MORE Download study