The Business Case for Utilities Supporting Public EV Charging

In this presentation, we will offer some fact-based thoughts to fuel utilities’ push toward developing sound EV strategies. Our suggestions are inspired by the actions of some of North America’s leading utilities, which we have had the privilege of assisting with data and strategic advice over the last few years. Done right, EVs prove to be good for utilities and their ratepayers.
Essentially, three value streams exist to support the case for utilities to support public EV charging. First, research has shown that light-duty EVs put downward pressure on electricity rates through increased demand requiring little incremental investment. Second, EV drivers are prime targets for other utility programs, because they are the most digitally engaged of all customers. Finally, leading utilities see new business opportunities from home, public and workplace charging.