SEPA issues ‘state of market’ report for electric vehicles

The market for electric vehicles is growing quickly, and utilities can expect to play a central role in minimizing the potential grid impacts of this new load and increasing access to charging infrastructure. With that in mind, the Smart Electric Power Alliance You are leaving has surveyed more than 480 utilities about their EV programs to create the industry’s first ever state-of-the-market report for EV programs.

Utilities and Electric Vehicles: Evolving to Unlock Grid Value couldn’t come at a better time, with many industry EV adoption forecasts being revised due to exponential growth. Bloomberg New Energy Finance You are leaving predicts that electricity consumption will grow from a few terawatt-hours a year in 2017 to around 118 TWh by 2030. Many utilities may be unprepared for this sudden change in load growth. SEPA has collected information and tools in this report that can help utilities and their partners find a path forward.

The report includes:

  • A first-of-its-kind analytical framework for establishing the maturity of utility EV programs
  • Fourteen types of utility EV programs and activities categorized into early, intermediate and late stages
  • An overview of regulatory decisions regarding utility investments in EV charging infrastructure
  • Recommendations for strategic utility planning on EVs
  • Regulatory analysis and regional trends from over 70 EV-related regulatory dockets

A detailed analysis of the collected data revealed that 75 percent of utilities were in the earliest stages of EV program development. Time is not on the utilities’ side and they must begin now to work with peers and others in the industry to develop a robust EV strategy and identify ways to leverage EVs as a grid asset. Preparation today will equip power providers with the knowledge and technologies they need to unlock value in this new load.

You can download Utilities and Electric Vehicles: Evolving to Unlock Grid Value for free. SEPA members can gain access to the dataset by logging in to the SEPA EStore. The dataset includes the list of utilities included in the analysis, the total number of programs and activities identified by stage for each utility and the identified utility stage.

Electric vehicles potentially offer many benefits—as a distributed energy resource with the ability to modulate charge or even dispatch energy back into the grid—along with many unknowns for utilities. Use this report to introduce yourself to the promise and pitfalls of a load that could change our industry.

Source: Smart Electric Power Alliance, 3/15/18