Rise of EVs increases DER management urgency for utilities - Case Study

Proactive utilities are working on solutions now – because the rise of EVs does seem inevitable. To read more about how WEL Networks is tackling the issue, download the WEL Networks DERMS pilot case study.

It’s a fact. Electric vehicle (EV) sales are surging. According to the IEA’s Global EV Outlook 2023, 

• EV sales exceeded 10 million in 2022 and are expected to reach 14 million in 2023 
• A total of 14% of all new cars sold were electric in 2022, up from around 9% in 2021 and less than 5% in 2020.  

Three markets dominated global sales: 

1. China
2. Europe 
3. United States – sales increased 55% in 2022, reaching a global sales share of 8%. 

While policymakers and advocacy groups align on the best way to support this growth through equity initiatives and charging infrastructure projects, utilities worldwide are faced with urgent near-term challenges to ensure the power grid can handle the uptick in EV volume.