Le Lézard
Subject: SVY

North American Electrification of Transportation Investment Forecast to 2024 - Opportunities to Modernize the Electric Grid and Address the Challenges of Rapid EV Penetration


DUBLIN, Sept. 21, 2018 /PRNewswire/ --

The "North American Electrification of Transportation - Investment, Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

Research and Markets Logo

The North American Electric Vehicle (EV) market has seen significant growth over the last 5 years, both in the US and Canada.

The scope of the study predominantly focuses on utilities and elaborates their initiatives and programs targeted at mitigating the impacts of increased electricity load as a result of a growing EV fleet in the region. Forecast estimates of product markets have been provided until 2024, supporting a select number of strategies that utilities are adopting. The geographical scope of the study includes only North America.

Currently, new EVs sold in the North American market account for 1.4% of the total passenger vehicles sold. There is an anticipation that downward prices for batteries and vehicles, along with improved infrastructure will accelerate the adoption of electric vehicles. This is further being pushed by state- and city-level commitments to clean energy and response to climate change.

Current projections suggest that EVs are expected to reach price parity with internal combustion engine vehicles by 2025. This will roughly translate to 8% of new cars registered to be EVs by 2024, which is equivalent to 0.8 million EVs in North America. Preparations are taking place both at a local government/city, regional, and utility levels for accommodating this trend. In the short-to-mid run, the emphasis is on introducing new policies and evaluating the current grid infrastructure to determine the best approach for minimizing grid disruption. In the longer term, these entities are discussing and evaluating how EVs can be leveraged on for improving the integration of renewables and future smart city level applications.

This positive development is, in return, generating new opportunities for advancing existing Transmission and Distribution (T&D) offerings such as demand-side management, asset management, smart transformers, as well as introducing completely new approaches for successfully integrating EV infrastructure. Much work lies ahead for the industry. However, priorities and approaches are region-specific, based on existing clean energy policies and penetration of EVs.

Research Highlights

The key objective of this research study is to analyze and understand how the growth in EVs will impact the grid infrastructure and utilities and the key strategies they use to address these impacts.

Key Issues Addressed

Key Topics Covered:

1. EXECUTIVE SUMMARY

2. REGIONAL TRENDS AND POLICIES

3. THE ROLE OF UTILITIES

4. INDUSTRY STAKEHOLDER ANALYSIS

5. INDUSTRY CHALLENGES

6. MARKET FORECAST

7. UTILITY OFFERINGS

8. GRID OPERATION IMPROVEMENTS

9. GROWTH OPPORTUNITIES

10. LAST WORD

11. APPENDIX - EV AND EV CHARGING INFRASTRUCTURE: NORTH AMERICA

12. APPENDIX - IMPACT OF EVS ON ELECTRICITY DEMAND

13. APPENDIX - EV AND OPEN STANDARDS

For more information about this report visit https://www.researchandmarkets.com/research/wg62b7/north_american?w=5

Did you know that we also offer Custom Research? Visit our Custom Research page to learn more and schedule a meeting with our Custom Research Manager.

Media Contact:

Laura Wood, Senior Manager
[email protected]  

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets



News published on and distributed by: