Lifeboat Foundation

Electric vehicles are unlikely to create a power-demand crisis but could reshape the load curve. Here’s how to bend that curve to your advantage.

Could electric vehicles (EVs) soon face a different kind of gridlock? With the electrification of mobility accelerating, energy producers and distributors need to understand the potential impact of EVs on electricity demand (Exhibit 1). The good news: McKinsey analysis suggests the projected growth in e-mobility will not drive substantial increases in total electrical-grid power demand in the near to midterm, thus limiting the need for new electricity-generation capacity during that period.