Electricity demand for e-vehicles will grow rapidly

Munich (dpa) – In Europe, electricity consumption for electric cars and trucks will probably reach 355 terawatt hours per year by 2040, from the current 16 terawatt hours, according to the results of a study.

In relation to the total amount of electricity currently produced in the European Union, this is an increase in demand of 13 percent, the consulting company PwC announced on Thursday.

PwC made the calculations together with the Fraunhofer Institute for Systems and Innovation Research.

It is expected that by 2040, all newly registered cars and trucks in the European Union will be electric – powered by batteries, hydrogen or fuel cells. Until then, it is assumed that 70 percent of cars and 65 percent of trucks will still run on gasoline or diesel.

MORE:

• ABB AND GRAVITRICITY TO COLLABORATE ON ENERGY STORAGE SYSTEMS USING END-OF-LIFE MINE SHAFTS AND HOIST TECHNOLOGY
• ABB SIGNS 500 MILLION EUROS EIB FINANCING TO FURTHER DRIVE SMART AND SUSTAINABLE ELECTRIFICATION TECHNOLOGIES
• SAMSUNG C&T AND ABB ENTER AGREEMENT TO EXPAND SMART BUILDING CAPABILITIES

“So it will be a long time before we see predominantly electric vehicles in operation and they displace the internal combustion engine,” said PwC expert Philipp Rose.

However, since older vehicles are used less than new ones, CO2 emissions directly on the road are likely to be halved by 2040.

Source: DPA