Electric vehicle study sees opportunity for utilities

Electric vehicle study sees opportunity for utilities

Reuters | April 22, 2019

Increasing demand for electric vehicles in the United States over the next decade will create revenue opportunities for electric utilities that invest in greater grid capacity and offer EV charging and related services, according to a study released on Tuesday.

The study, by the Boston Consulting Group, assumes a significant leap in consumer demand for electric vehicles, which continue to account for only a fraction of U.S. vehicle sales.

BCG estimates that 20 to 30 percent of all U.S. new car sales by 2030 will be electric or hybrid gasoline-electric vehicles.

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