EV/PHEV Trends and Implications for Utility Infrastructure
EV/PHEV Trends and Implications for Utility Infrastructure. ScottMadden Insight, July 2011, 15 p.
The buzz surrounding Electric Vehicle (EV) and Plug-in Hybrid Electric Vehicles (PHEV) sales growth is not a new story, but after slow EV growth over the past 10 years, many continue to be skeptical of the real growth potential. EV expansion is said to be either a “killer app” or a major disruptive technology for utilities, depending on how they integrate EV charging and EV IT into their current infrastructure. (© ScottMadden)
Moderate estimates project that North American EV/PHEV sales will reach about 6% of annual sales by 2020, which is approximately 1.2 million units sold by 2020, which is still a small percentage of vehicles on the road, at less than 1%. The total cost of operations for EVs and PHEVs is dependent on changes in gas prices, government subsidies for owners and manufacturers, and most importantly, the cost of producing batteries which makes up 50%-80% of the entire drive train costs for current EVs/PHEVs. So as the price of gasoline and the cost of batteries go, so too goes the likely penetration of EVs and PHEVs in the United States. (© ScottMadden)
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