Full Title: Electric Vehicle Adoption Playbook
Author(s): Bidgely
Publisher(s): Bidgely
Publication Date: October 10, 2022
Full Text: Download Resource
Description (excerpt):
If current projections hold, Boston Consulting Group estimates that electric vehicles could create between $3 and $10 billion in new value between now and 2030 for an average energy business with 2 to 3 million customers. This colossal increase represents the most significant opportunity in a generation to increase base demand and margins while simultaneously introducing new utility services like home and public charging infrastructure and bolstering grid reliability and resiliency.
The potential is massive, and at the same time the business transformation required to achieve it is equally large. In less than 10 years, analysts predict 200 million chargers will be installed, accounting for 550 TWh of charging with the potential to strain the grid and threaten resiliency. To achieve the big changes that are required on the tight timelines presented by net zero goals, a mix of agile and flexible systems and a future-ready mindset is required. Data makes it possible.
Bidgely equips energy providers with AI-powered analytics, insights and practical operational strategies to maximize EV upside
and mitigate EV-related grid instability. As a starting point, we’ve developed this EV Playbook to guide energy providers through
four data-driven phases of EV adoption:
- • Accelerating customer awareness, education and adoption
- • Analyzing the EVs on the road today and forecasting where EVs will be tomorrow
- • Shifting EV load with AMI based passive managed charging
- • Shifting EV load with direct managed charging