The advance of electric vehicles is set to raise electricity demand as consumers will hook more and more EVs to the power grids to charge them. Energy generation and generation capacity in major western markets will be sufficient to handle even a high penetration of EVs, various recent analyses have found. In theory, capacity may be sufficient. In reality, electric grids will be increasingly strained because not all consumers will be charging their EVs during the off-peak hours at night or early morning. Therefore, governments, states, and utilities will have to put more pricing incentives in place to discourage EV charging during peak hours in the afternoons and evenings, and incentivize vehicle charging when demand is low after 10 p.m., analysts say. Some grids and distribution systems are strained as is. So, adding increased vehicle charging when consumers need it—not when power demand is low—would threaten the resilience of […]