Study looks at how EV efficiency improvements could reduce infrastructure, consumer costs

Dave Kovaleski | Source: Daily Energy Insider | Posted 04/15/2024

The Electric Power Research Institute (EPRI) and the Natural Resources Defense Council (NRDC) have partnered to produce a report on the potential for electric vehicle (EV) efficiency improvements to reduce infrastructure and consumer costs.

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The Electric Power Research Institute (EPRI) and the Natural Resources Defense Council (NRDC) have collaborated on a report focusing on the potential impact of electric vehicle (EV) efficiency improvements on infrastructure and consumer costs. The study highlights that efficiency gains could lead to lower vehicle ownership costs, improved performance, and decreased demand for raw materials in battery production, addressing supply chain concerns.

By 2050, advancements in EV efficiencies could potentially halve electricity consumption per mile, leading to significant reductions in electricity demand and associated grid buildout. These efficiencies could result in annual consumer energy cost savings exceeding $200 billion, with the possibility of achieving these benefits without increasing vehicle costs. The report emphasizes the importance of continuous progress in EV efficiency to reduce physical grid and charger buildout, lower consumer energy bills, and enhance accessibility to electric mobility across communities.

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Source Link: https://dailyenergyinsider.com/news/43363-study-looks-at-how-ev-efficiency-improvements-could-reduce-infrastructure-consumer-costs/

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Study looks at how EV efficiency improvements could reduce infrastructure, consumer costs

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