There is growing speculation that electric vehicle (EV) charging could threaten the stability of the North American electrical grid. According to Enverus Intelligence Research, EV charging could significantly impact the power grid in 2035 or at 70% adoption of EV.
In this analysis, Enverus Intelligence Research reviewed the residential load profile and effects on EV charging using the data point that the average American household owns two vehicles, with an average daily driving distance of 30 miles. Three scenarios were evaluated:
Worst-Case Scenario: Assumes EV owners have negligible battery management and perform charge during peak consumption on the fastest charging mode.
Battery Management Scenario: Assumes charging is during peak consumption, but charge time is more than six hours.
Smart Charging: Assumes delayed charging when household electricity consumption is lower and charging set to more than six hours.
MORE REPORT INSIGHTS
Wind Energy and EV Charging
A significant challenge with wind generation is excess energy produced during the night when demand is low, which leads to clean energy curtailments. Implementing smart EV charging could be an effective way to utilize some excess renewable energy when vehicles are likely to be charging.
Russian Sanctions Impacting EV Adoption
We predict that sanctions on Russia will affect the nickel market globally, increasing battery prices and slowing EV adoption. The chart shows that EV penetration in the U.S. won’t surpass 15% until 2031, and EV stock won’t reach 30% until 2035. Therefore, we believe it is doubtful that capacity concerns regarding EV charging will be a significant issue soon.
Read the full report below for complete analysis.
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