1. Charging points
Hyperefficient EVs require less charging, lowering the average utilization and resulting in fewer charging stations. For the installation of charging points both the charging point operators (CPOs, material and installation cost) and the DSO (connection cost) are involved. We estimate potential CAPEX savings for charging points to be ~€600 mln, of which €505 mln for CPOs and €94 mln for DSOs (cumulatively over 2022-2040).
2. Grid reinforcements
For grid operators (DSOs), hyperefficient EVs means a lower demand and lower peak loads, due to less frequent and shorter charging sessions. This results in a lower need for grid reinforcement. The impact on the distribution grid and investments were estimated using a “digital twin” model of the Stedin network, extrapolated to the rest of the Netherlands. Based on these simulations, the DSOs could save an additional ~€500 mln in grid reinforcements over the 2022-2040 period.
3. Electricity generation and CO2 emissions
Lastly, less energy is required to power the hyperefficient EVs. A high-level estimation indicates that 1.9 TWh can be saved in 2040, a ~10 percent reduction of the base case. If EVs are completely powered by renewable energy sources, this results in an additional ~€1 billion CAPEX savings in generation capacity.