EVGrid

Adoption of electric vehicles will rapidly accelerate in the next decades. Oil prices could spike due to growing demand in emerging markets and the increasing costs of extraction and environmental damage. At the same time, the price of electric vehicles will drop from lower battery costs and increased production volume. More and more drivers will enjoy the benefits of driving with clean, comfortable, and convenient electric propulsion. As the EV fleet grows, it might stress the power grid - but it doesn't have to. Instead, EVs can support the grid and make it more efficient, more responsive, more reliable, and less expensive. The batteries aboard every EV will represent a vast resource of power and energy. Innovative technologies will harness this resource using smart links between EVs, drivers, charging stations, renewable generation, aggregators, and utilities. An electric vehicle grid will unleash electric power so it can meet the needs of the 21st century.