00:00
Growing Money
Growing Money
USD/RUB
EUR/RUB
Releases

Smart charging could cut Europe’s grid upgrade costs by €10 billion

A surge in electric vehicle adoption threatens to overwhelm European electricity grids, forcing an estimated €24.7 billion in infrastructure spending by 2030. However, a new study by Siemens suggests that implementing intelligent load management could slash these capital requirements by more than €10 billion through better coordination of peak demand.

Smart charging could cut Europe’s grid upgrade costs by €10 billion

The report, commissioned by EIT Urban Mobility, ChargeUp Europe, and ACEA, warns that the rapid expansion of electric transport will put every European city under significant pressure. By analyzing 64 representative urban centers, researchers found that the primary burden falls on low-voltage distribution grids, which account for 77.7% of the necessary reinforcement investment. This strain is largely driven by residential charging patterns, as an estimated 55–62% of EV owners are expected to charge at home by the end of the decade.

To mitigate these costs, the study advocates for the widespread deployment of intelligent EV Load Management. By coordinating the timing and speed of vehicle charging, grid operators can avoid peak-hour overloads and maximize the utility of existing infrastructure. With battery electric vehicle numbers projected to increase 3.8 times by 2030, the ability to shift demand effectively will determine whether cities can integrate millions of new vehicles without prohibitively expensive physical grid upgrades.

Share

Comments (0)

Leave a comment

No comments yet. Be the first!