As prices on electric vehicles continue to drop, millions of people will be looking for places to fuel up. It may seem like a natural fit for utilities to build the charging infrastructure, given their expertise with energy delivery.
And some are doing it, including German utility RWE.
Read more about how they have constructed networks of charging stations for such customers as municipalities, fleet operators, and utilities across Europe. All told, the company operates more than 4,000 so-called smart-charging stations across Europe, with more than 275 in Berlin and its environs alone.
Here are four ways that electric vehicles will impact utilities and actions you can take:
1. Create New Business Models
2. Become Charging Providers
3. Use Electric Vehicles to Smooth Demand
4. Prepare for the Smart Grid