Smart charging can cut EU EV grid costs by 40 percent
European cities require nearly 25 billion euros in charging infrastructure investments by 2030 to support electric vehicle growth. A new study shows that implementing smart charging strategies can reduce these grid investment costs by 40 percent.
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European cities face a €24.7B ($27.94B) electricity grid investment bill to support surging EV adoption by 2030, according to a study released on Tuesday afternoon. The research highlights that smart charging infrastructure could reduce total grid upgrade costs by 40% across 64 analyzed municipalities. Mitigating these infrastructure expenses is critical as cities across the continent race to accommodate electric transport fleets without triggering severe grid bottlenecks.
