Smart EV Charging in Buildings: a key lever for accelerating EVs’ adoption
Electric vehicles (EVs) are already transforming and decarbonizing the mobility industry. This trend will only accelerate in the coming decades. A major roadblock that needs to be tackled to ensure that this shift substantially benefits society, however, is the question of EV charging.
A lack of ubiquitous charging infrastructure risks impeding the pace and success at which we transition to EVs. This is no small issue.
With 300 to 500 million EV connectors projected to be installed by 2040, getting EV charging infrastructure right will clearly be essential for building tomorrow’s smart and decentralized energy system.
So far, most existing policies which address this challenge focus on the deployment of public charging infrastructure. This is despite it being anticipated that 90% of EV charge points will be installed in private settings: in our households and commercial buildings.
It’s imperative to also evaluate the potential added value of deploying private smart EV charging technology.
The multiple benefits of smart EV charging in buildings
To assess this issue, the Schneider Electric Sustainability Research Institute has conducted a cost-benefit analysis of installing local smart EV charging technology in households, multi-dwellings, and commercial buildings.
Our research finds that, for consumers and system operators, the benefits of such an approach are striking. The results highlight that:
- On average, smart EV charging stations deployed in buildings are more affordable for consumers than equivalent public charging points.
- Smart EV charging can generate savings of up to 70% for consumers, especially when paired with time-of-use tariffs, demand charges, and the implementation of distributed power generation infrastructure (such as onsite solar). These savings can be further enhanced through the utilization of load management systems.
- The benefits of EV charging are magnified by the provision of grid and system services, with such provisions highlighting the value of having a fully smart and bidirectional charging strategy.
- Implementing smart charging technology in buildings increases the resilience of local and global grids, while also helping avoid the need for large, expensive associated infrastructure investments.
- Finally, the provision of smart EV charging in buildings, on average, reduces associated CO2 emissions by more than public charging or uncontrolled charging, at the building level.
Customer comments
No comments were found for Smart EV Charging in Buildings: a key lever for accelerating EVs’ adoption. Be the first to comment!