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Electric Vehicles as a Grid Resource: Market Size, Initiatives and Resource Potential

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03 November 2016

Electric Vehicles as a Grid Resource: Market Size, Initiatives and Resource Potential

Report summary

The electrification of passenger vehicles has become an increasing part of decarbonization conversations in energy policy and business. Prior to 2010, Energy Information Administration (EIA) estimated a total of 57,000 electric vehicles (EVs) in use in the U.S. Between 2010 and 2015, EV sales surpassed 400,000 vehicles with a value of $15 billion.

 

If technology and infrastructure continue to improve, EV sales could increase to 12 million vehicles. This market growth will have a significant impact on current and planned grid infrastructure, creating opportunities for existing stakeholders and new market players who can create integrated solutions for the EV driver, electric utility, wholesale energy market and aggregators.

 

Each of our reports in this two-part series on EVs provides background on the current market and serves as an analytical toolkit presenting modeling and scenario analysis extending through 2025. The analysis looks into the resource potential that EVs can provide to load, demand, distribution and transmission in specific geographies and nationwide.

 

This second report covers:

  • The current and historic market for EVs and EV infrastructure
  • The potential for EVs to participate in demand response or distributed energy resource programs to provide load reduction
  • Market structures and pilot programs evaluating V1G (smart charging of EV as demand response) and V2G (vehicle-to-grid) participation
  • Recent initiatives aimed at spurring innovation and EV integration
  • Market forecasts for EV adoption and resource potential

 

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  • Electric Vehicles as a Grid Resource: Market Size, Initiatives and Resource Potential

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