Market Research Report - 206599
The Networked EV: The Convergence of Smart Grids and Electric Vehicles
|Published by||Greentech Media Inc.|
|The Networked EV: The Convergence of Smart Grids and Electric Vehicles|
|Published: March 15, 2011||Content info:||
This year marks a turning point for electricity as a transportation fuel for passenger vehicles. Automakers are sending electric vehicles (EVs) to market with global penetration forecasted to increase more than five-fold by 2016. The implications for electric power players and utilities are enormous, as the requirements of commercial EV adoption will inevitably burden existing electric power infrastructure. Given this reality, utilities are seeking out smart grid technology solutions to ensure grid reliability along with generation capacity by activating a digital dialogue between the grid and the EV.
Figure: Five Steps of Smart Grid Upgrades to Support EVs
Souce: GTM Research
This report examines in detail the technology and planning considerations that will enable a successful smart grid-EV convergence. The report analyzes hot button issues such as transformer build-out and advanced metering (AMI) and charging infrastructure, but also expands the conversation beyond these known challenges to highlight emerging smart grid solutions for the EV market. These solutions include communications standards and protocols that act as the "digital handshakebetween the grid and the EV, as well as distribution automation (DA) technologies that will enable a more self-aware grid capable of autonomously self-correcting based EV consumption patterns and moment-to-moment grid conditions.
Figure: The Price Spread of a “Gallon” of Electricity vs. a Gallon of Gasoline (est.)
Source: GTM Research
David Leeds directs the smart grid research practice at GTM. Mr. Leeds has guest lectured on the subject at MIT, Stanford, and The Wharton School of Business (University of Pennsylvania). He has been quoted as an expert by The New York Times, The Wall Street Journal and The Washington Post; his perspective pieces have appeared in a variety of publications including BusinessWeek, Power Magazine and Fortune.