How Will EVs Affect Electric Utilities?
- Aug 23, 2022 11:44 pm GMT
This item is part of the Electrification of Transportation - August 2022 SPECIAL ISSUE, click here for more
Despite all the hubbub about EVs, as of 2021 they accounted for 1% of all vehicles on US roads (Car and Driver magazine). Change is coming, though. Most EV-makers have a substantial backlog of orders, but interest is from high-end customers who can afford sexy, expensive EVs. Catering to the high-end entails creating a driving experience comparable to that of gas vehicles. Doing so complicates the vehicle – the more complicated the vehicle, the more complicated the production line and higher labor and related costs. That said, EVs are still simpler machines than gas vehicles and easier and faster to make. What’s more, now many EVs also trump gas vehicles in style and performance. The culture shock of EVs is over – most prospective customers grant that EVs are a viable alternative to gas-powered vehicles – but the sticker shock is not.
Get Published - Build a Following
The Energy Central Power Industry Network is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.
If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.