Managed EV charging could generate $30B in annual savings by 2035: report
Carefully managing electric vehicle demand could cut all U.S. electric bills by 10% annually, regardless of whether a customer owns an EV, according to new research from Brattle and ev.energy.
Dive Brief:
- Managed charging programs can turn flexible electric vehicle loads into a grid resource capable of generating $30 billion in annual utility savings, according to research from ev.energy, a managed charging provider in the United States, and The Brattle Group.
- Each actively managed vehicle can create up to $575 in avoided costs for utilities, leading to a 10% reduction in all customer electric bills by 2035 — whether they own an EV or not, according to the report. Programs that include a vehicle-to-grid bidirectional charging component could more than double the benefits.
- While bidirectional programs are still grappling with technical and policy challenges, managed charging is ready for full deployment, ev.energy CEO Nick Woolley said in an interview. “From a regulatory perspective, we don’t need to do more pilots. We need to scale these programs,” he said.
