What Does Ford's Commitment to Electric Mean for Grid?
- Feb 10, 2021 7:40 pm GMT
Ford is going to invest $29 billion in autonomous electric vehicles, the motor company’s CEO, Jim Farley, informed investors yesterday during their Q4 call. This should really come as no surprise to auto-industry observers. Afterall, Ford has been headed in this direction for a while, having paid $1 billion in 2017 for Argo AI, an autonomous driving AI firm. What’s more, Farley told listeners that Ford expected to finally launch their autonomous vehicles in 2022. It’s here, folks.
What does the seemingly inevitable supremacy of electric vehicles mean for the grid? It’s hard to say because we still don’t know how these things are going to be used. Yes, early adopters drive their electric cars much the same way as they would an old combustible engine automobile. However, the developers of the vehicles are headed towards “mobility”, and away from personal cars. It seems likely we’ll see a rise of ride sharing and other transportation services. This change might invite different consumption behavior, which would inform the power providers’ response.
However the EV revolution plays out, it’s safe to assume it will dramatically change the grid. More charging stations and automation are a given, but there are a lot of question marks.