CleanTechnica•about 1 month ago
Time to Trade Your Old EV for a New One?
Key Takeaway
The accelerating variety and refresh cycle of electric vehicles signal a sustained, significant increase in electricity demand, creating both challenges and opportunities for power developers and large consumers.
AI Summary
- •The electric vehicle (EV) market is rapidly maturing, with over 75 new EV models now available, indicating a growing trend of vehicle refresh cycles.
- •This sustained growth and turnover of EV fleets will drive significant, long-term increases in electricity demand across all sectors.
- •Power developers (IPPs) should anticipate growing demand for new generation capacity (especially renewables and storage) and grid infrastructure upgrades to support widespread EV charging loads.
- •Large power consumers should evaluate the impact of employee and fleet EV adoption on their energy profiles and consider proactive investments in charging infrastructure and demand management strategies.
Topics
emissionsinterconnectoemppasolarstoragetransmissionwind
Article Content
I have a Tesla Model 3 that is more than 6 years old, so I will discuss what upgrades to a new Tesla could do for me. However, note that you could now trade a used Tesla in for over 75 different EV models from Rivian, Ford, Chevrolet, Hummer, Cadillac, ... [continued] The post Time to Trade Your Old EV for a New One? appeared first on CleanTechnica .