Smart Grids Could Unlock $12.1B in Savings for Europe
Better coordination of electric vehicle charging alone could spare Europe roughly $12.1 billion in grid spending through the end of the decade, according to new modeling from Siemens commissioned by EIT Urban Mobility, ChargeUp Europe, and ACEA. Left unmanaged, EV growth would otherwise push distribution grid costs to nearly $28.3 billion by 2030, but coordinated charging could trim that figure down to roughly $16.2 billion instead. The mechanism behind those savings is what the study calls EV load management: steering when and how fast vehicles pull power from the grid, moment to moment, so demand spreads out instead of spiking…
