Fact: If 80% of all passenger cars become electric, this would lead to a total increase of 10-15% in electricity consumption.
So far, the market entry of EVs has been very predictable and the electric grid is constantly being developed in parallel. Current EV market trends show low to moderate energy uptake rates.
The projected growth in e-mobility will not drive an immediate or substantial increase in total electrical-grid power demand, according to a study by McKinsey & Company. This means EV’s aren’t likely to cause any abrupt surprises or disruptions in our power supply and there is no need for new electricity-generation capacity in the near future.
If we take Germany as an example, EV growth won’t cause any large increases in power demand through 2030. On the contrary, EVs could add 1% to the total and require about five extra gigawatts (GW) of generation capacity. That amount could grow to roughly 4% by 2050, which would only require an additional capacity of about 20 GW. Moreover, this new-build capacity will likely involve renewables, including wind and solar power, with some gas-powered generation.