CleanTechnica•3 months ago
Time to Trade Your Old EV for a New One?
- •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.
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