Highlights EVs not expected to overwhelm grid in near-term DOE says battery costs are ‘coming down’ Houston — Electric vehicles are projected to comprise 40% of new car purchases by 2030 in the US, up from 2% currently, and require “substantial” power sector infrastructure investments if EV’s are expected to contribute to economy-wide decarbonization, speakers said during a US Department of Energy and Electric Power Research Institute webcast Dec. 7 Receive daily email alerts, subscriber notes & personalize your experience. Register Now “With rapid reductions in purchase price and a wide array of models, electric vehicles are projected to gain broad acceptance in the coming years as cost-competitive, high-performance, lower-carbon transportation options,” said Rob Chapman, senior vice president of energy delivery and customer solutions at EPRI. “Utilities will be the key enabling infrastructure. They will need the support of regulators and city councils,” said Chapman. “Utilities are at the […]