By 2029, the fleet of battery electric vehicles will exceed 100 million

Analysts at ABI Research believe that the period when electric cars were lost in the background of cars using internal combustion engines (ICE) has passed. ICE vehicles are no longer able to keep up with the stringent emission requirements set by governments around the world. These requirements determine the growth in sales of battery electric vehicles from 1.3% in 2018 to 16.4% in 2029, when the fleet of electric vehicles in operation exceeds 100 million units.

The expected increase in the number of electric vehicles and their batteries is a serious problem for the energy industry, as it is expected that the demand for electricity for electric passenger vehicles will increase from 1,121 GWh in 2018 to 19,141 GWh in 2029, i.e. 17 once in 10 years. Analysts expect operators of electricity transmission networks to be able to adapt them to the growing number of electric vehicles, for which they will have to overcome the limitations of the infrastructure of the “last mile”, not designed for growing consumption. One of the solutions will be the redistribution of the load during the day due to incentives to consumers. In addition, a bidirectional energy flow between the electric vehicle and the network will play a role. In other words, vehicles can act as generators, returning energy to the network. Buying electricity at a low tariff and selling it at higher tariffs at times of increased demand, an ordinary consumer will be able to save up to $ 272 a year – this is the assessment of ABI Research.