Electric Vehicles – An Astonishing Opportunity For Utilities, Storage And Grids
Utilities have been slow to adopt renewable innovations like wind and rooftop solar, according to some critics, however, utilities now have the opportunity to seize a share of the $400bn US petrol market from the oil companies. Capturing market share for light-duty vehicles alone, “power sales would rise by about 25%, adding roughly $100bn per year to electric utility revenues and saving car drivers about $300bn a year”, states Michael Shepherd, Chairman of E-Source, highlighting a superb opportunity for utilities to boost significantly the growth of EV transportation.
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