Electricity Demand and Implications of Electric Vehicle and Battery Storage Adoption

Abstract

The recent introduction of new, higher performance electric vehicles to the market has produced a ground swell of public interest in adopting electric cars, in part due to the potential reduced environmental impacts and lower operational costs. Forecasts for sales of electric vehicles range from 10% to 30% of new car sales from the mid-2020s. In addition, interest in battery storage systems is growing, due to decreasing availability of high-value, solar feed-in tariffs and low-cost, high-capacity batteries.