9 million ....10 Feb 2022 21:33
Europe will have 130 million electric vehicles on the road by 2035, according to a joint report from Ernst & Young and the electricity industry trade association Eurelectric.
The report’s projections show Europe’s EV fleet growing from its current base of less than 5 million to 65 million by 2030 and then doubling over the following five years. EY estimates that the continent will need 65 million
Europe’s rapid adoption of electric vehicles presents two large tasks for utility providers. The first is to build a network of 9 million out-of-home chargers along roadways, at workplaces, and at fleet-charging hubs.
There are about 445,000 public connectors installed across Europe, according to the latest tally from BloombergNEF. “It took us 10 years to install 400,000 chargers,” says Serge Colle, EY’s global energy and resources leader. “Now we’ll need to do about 500,000 every single year until 2030 and about 1 million every year between 2030 and 2035.”
EY estimates that tab for this buildout will be $62 billion, with another $72 billion needed to install 56 million residential chargers.
“It’s much cheaper to build a bit too much today and to have that necessary buffer, than to wait and find out too late that we’re short,” says Kristian Ruby, secretary general of Eurelectric.
In addition to overseeing the installation of millions of chargers, Europe’s utility industry will need to manage an increased load on the grid. Along highway corridors, where drivers will expect fast charging on demand, EVs could increase peak loads by 90%, according to EY’s calculations. Managing these surges, says Colle, will require on-site solar and energy storage systems at charging stations
In urban residential settings, EY expects charging demand to surge in the evenings, when drivers return from work, causing potential increases in peak load of 86%.
https://www.bloombergquint.com/business/europe-will-need-65-million-electric-vehicle-chargers-by-2035
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