Electric vehicles alone can’t achieve the energy transition. But as part of a system, they will

Published onOctober 15, 2020

Electric vehicles (EVs) can bring benefits to the wider energy system as part of an integrated smart city that addresses decarbonization in a systemic way, including green power generation and energy grid stability challenges. An investment of €6 billion in EV charging infrastructure could yield over €12 billion in human health benefits from improved air quality. When electric vehicles are integrated into a city’s energy system, the battery can provide power to the grid when the sun is down or the wind isn’t blowing. This additional value complements variable power sources such as solar and wind…One of the critical pillars of the clean energy revolution is the widespread adoption of Electric Vehicles (EVs). EVs emit less greenhouse gasses than the incumbent ICE (Internal Combustion Engine) vehicles and the rapidly increasing percentage of renewable energy available to users will continue to widen the carbon footprint difference between EVs and ICE vehicles. The total cost of ownership of an electric vehicle is already lower than that of an ICE vehicle. During the first half of 2020, there was a sharp increase in EV adoption in most countries.

Source: https://www.weforum.org/agenda/2020/10/electric-vehicles-alone-can-t-achieve-the-energy-transition-but-as-part-of-a-system-they-will/