EV Study Indicates Utilities Opportunity

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April 23, 2019—Reuters reports that the demand for electric vehicles over the next decade will increase opportunities for electric utilities, according to a study. The study, completed by Boston Consulting Group, presumes a leap in consumer demand for EVs.

According to Reuters, the study estimates that 20 to 30 percent of U.S. new car sales by 2030 will be electric or hybrid gasoline-electric vehicles.

Additionally, the study predicts that up to 12 percent of vehicles will be plug-in hybrid or pure electric by 2030. 

Utilities were urged to consider offering consulting services, Reuters reports, as well as software solutions to both the consumer and commercial customers. 

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