Rethinking THE GRID for EVs

Interoperability and ‘smart’ energy management are vital for meeting EV charging demand.

The clock is ticking for the automotive industry to meet looming “greener” energy deadlines, which will come into effect at the end of the decade. Achieving widescale adoption of electric vehicles (EVs) and meeting the mandates will require significant changes. One area that needs more attention is how to power the transition to an electric future.

With the demand for electricity expected to grow nearly 20% by 2050 due to EVs and other clean tech initiatives, the grid is under immense pressure. With the aging infrastructure already creaking, expecting it to support this growth is not feasible using the established electricity value chain: generation, transmission, distribution, and consumption. Successfully powering the transition requires utilities and the broader ecosystem to collaborate and look at energy capacity in new ways.