A new study from Stanford University has found that peak net electricity demand could increase by 25 percent by 2035 due to increased adoption of electric vehicles. And since demand determines prices, that means the cost of plugging in your EV at night will go up accordingly. The study found that in a “stress test” scenario in which all vehicles currently on the road were EVs, nighttime charging demand could go up by as much as 50 percent. Yikes!
The authors of the study recommend better investment in daytime charging in order to prevent this scenario, like charging at work or other public locations. But, as we’ve been hearing a lot lately, that means the U.S. needs to ramp up its investment in public charging infrastructure, which is still lacking.