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Impact of Electric Vehicles on Power Demand, Forecast to 2040—A Perspective on Key Global Growth Markets
With Electric Vehicles (EVs) Set for Transformational Growth, Grid Modernization Initiatives and Disruptive Technologies Will Form the Critical Elements of the EV Power and Utility Ecosystem
14-Oct-2019
North America
Market Research
MEB5-01-00-00-00
EG02017-GL-MR_23633
$3,000.00
Special Price $2,250.00 save 25 %
Falling battery prices, stringent emission regulations, rapid increase in public charging stations and innovation in eMobility business models are all drivers for growth in the electrification of transport over the next decade. Although the overall increase in electricity consumption is lower than many people might expect, the proliferation of EVs will pose challenges for the power grid post-2030. However, the rise of EVs will also generate new revenue opportunities for the energy service companies which require a clear roadmap for the utilities to capture the value offered by the flexibility of EVs.
“Impact Of Electric Vehicles On the Power Demand – A Perspective on Key Growth Markets” deliverable aims to provide a holistic overview of the electric vehicle penetration and its potential impact on the power demand. A brief analysis on what it means to the different stakeholders such as EV manufacturers, battery suppliers, power utilities and infrastructure, EV end users, regulators and external actors, EV aggregators etc. have been analyzed. Recommendations on the strategies for energy service providers and various action plans for utilities have been elucidated. The geographical scope of the study includes the US, Europe, UK, Germany, China and Japan.
One of the critical industry challenges in the eMobility ecosystem includes the limited interoperability of the current charging infrastructure and the lack of standards for EV charging solutions. Also, there is a threat of overloading of local distribution transformers due to EV addition and peak load problems. With limited customer awareness programmes about the utility tax rebates and schemes, outreach programmes are the need of the hour to boost the EV adoption.
With vehicle electrification, there is a huge opportunity to leverage disruptive technologies such as Vehicle 2 Grid and peer to peer blockchain trading to manage and optimize the grid. Companies that fail to embrace new technologies and business models will be left behind in this lucrative business.
Key Issues Addressed
- How does the EV penetration look now, and how will it evolve in the key geographies identified?
- What is the power demand requirement due to the addition of EV? What will be the impact on the energy demand and different strategies required to overcome this?
- Who are the key industry stakeholders? What are the main growth opportunities for the different stakeholders involved in the energy ecosystem?
- What are the revenue opportunities for utilities to remain relevant in the changing ecosystem?
- What are the investment trends of the stakeholders in the energy space? What are the implications on the value chain and how are they expected to react?
Executive Summary—Key Findings
Executive Summary—Implications
Aggressive Scenario Power Demand Versus Generation Potential
Future Generation Potential Versus Power Demand Modelling
Future Generation Potential Versus Power Demand Modelling (continued)
Future Generation Potential Versus Power Demand Modelling (continued)
Future Generation Potential Versus Power Demand Modelling (continued)
Future Generation Potential Versus Power Demand Modelling (continued)
Action Plan for Utilities—6 Key Strategies
Research Scope
Key Questions this Study will Answer
Global Trends Driving the Transition Toward EV
Projected Global EV Milestones
Global Battery Manufacturing Capacity
Lithium-ion Pricing
Key Stakeholders for Vehicle Electrification
Key Stakeholders for Vehicle Electrification (continued)
Key Stakeholders for Vehicle Electrification (continued)
The Challenge—What Fast Charging Could Mean for the Grid
Drivers and Restraints for EV-Power Ecosystem
Drivers And Restraints Mapping
Market Drivers
Drivers Explained
Drivers Explained (continued)
Drivers Explained (continued)
Market Restraints
Restraints Explained
Restraints Explained (continued)
Forecasting Methodology
Forecast Assumptions
Forecast Assumptions—Limitations
Growth of EVs and Hybrids—US
Scenario Modelling of Power Demand—US
Future Generation Potential Versus Power Demand Modelling
Implications on the Energy Grid and Strategic Recommendations
Implications on the Energy Grid and Strategic Recommendations (continued)
Growth of EVs and Hybrids—Germany
Scenario Modelling of Power Demand—Germany
Future Generation Potential Versus Power Demand Modelling
Implications on the Energy Grid and Strategic Recommendations
Growth of EVs and Hybrids—UK
Scenario Modelling of Power Demand—UK
Future Generation Potential Versus Power Demand Modelling
Implications on the Energy Grid and Strategic Recommendations
Growth of EVs and Hybrids—Japan
Scenario Modelling of Power Demand—Japan
Future Generation Potential Versus Power Demand Modelling
Implications on the Energy Grid and Strategic Recommendations
Growth of EVs and Hybrids—China
Scenario Modelling of Power Demand—China
Future Generation Potential Versus Power Demand Modelling
Implications on the Energy Grid and Strategic Recommendations
Likely Evolution of Utilities’ Role in EVs
Action Plan for Utilities
Aggregating Demand Response With EV Charging
Smart or Intelligent EV Charging Solution
Scenario Analysis for Smart Charging—Role of Utilities
Implementing Vehicle-to-grid Solutions
V2G and V2H Services for Renewable Energy Market Integration
Dynamic Pricing Model
Peak Demand Shaving With Energy Storage Solution
What are Utilities Doing Now—Partnerships With Key Stakeholders
Top 5 Growth Opportunities in the EV Market
Growth Opportunity 1—Digitisation
Growth Opportunity 2—Business Models
Growth Opportunity 3—Grid Transformation
Growth Opportunity 4—Smart Cities
Growth Opportunity 5—Subscription based Offerings
Strategic Imperatives for Success and Growth
The Last Word
Legal Disclaimer
Overview of European Tax Subsidies
Overview of European Tax Subsidies (continued)
Overview of European Tax Subsidies (continued)
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
The Frost & Sullivan Story
Value Proposition—Future of Your Company & Career
Global Perspective
Industry Convergence
360º Research Perspective
Implementation Excellence
Our Blue Ocean Strategy
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Key Issues Addressed
- How does the EV penetration look now, and how will it evolve in the key geographies identified?
- What is the power demand requirement due to the addition of EV? What will be the impact on the energy demand and different strategies required to overcome this?
- Who are the key industry stakeholders? What are the main growth opportunities for the different stakeholders involved in the energy ecosystem?
- What are the revenue opportunities for utilities to remain relevant in the changing ecosystem?
- What are the investment trends of the stakeholders in the energy space? What are the implications on the value chain and how are they expected to react?
| Deliverable Type | Market Research |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Utham Ganesh |
| Industries | Energy |
| WIP Number | MEB5-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9852 |