GTM Research has made an announcement of its latest report known as The Networked EV: The Convergence of Smart Grids and Electric Vehicles which will concentrate on how widespread of electric vehicle adoption will change the market’s focus on the a group of enabling Smart Grid technologies. Because of the requirements on the present power grids, the EV market will create a large market opportunity for the smart grid hardware, software and communications vendors.
David J Leeds, GTM Research’s Senior Manager of Smart Grid and report author said though the electric transportation’s appeal, at present the challenges facing utilities because of EVs are not widely understood. In the next decade the sufficient distribution of grid reliability could be the principal challenge associated with initial launch of the EVs. Many related grid control and protection concerns will need a large investment in the smart grid technologies mainly in grid communications and the distribution automation, he added.
As the oil price increase and auto-industry advance creates this EV market, many smart grid technologies have become increasingly necessary for the utilities to deploy and maintain the grid reliability and safety. GTM Research expects he cumulative global EV sales to reach about 3.8 million by 2016 that will support to increase the rate of adoption of distribution automation technologies, new software applications and vehicle-to-grid communications. The report focuses mainly the affects of EV on the grid and next-generation hardware and software solutions to support successful introduction.
David J Leeds said at present EV infrastructure investment is mainly involved in electric delivery through the charging stations but more public stations as well as the Level 2 home chargers have been developed, the investment in the latest generation of dynamic grid devices will be a vital. The investment in the smart grid-EV infrastructure had recently focused on the electric vehicle, charging station.
