Why should utilities look towards the electric vehicle market?
Regulations, as well as the efforts of utilities and manufacturers, must be harmonized to produce a synergy resulting in the general adoption of EVs.
By joining forces, governments, utilities, and Electic Vehicles vendors can facilitate the development of a charging network.
Utilities implementing Time of Use programs and rebates are demonstrating their ability to adapt to the changes that the market demands.
Utilities must prepare to meet both electricity demand and customer expectations in terms of costs, service reliability, environmental impact, and customer experience.
Utilities will continue to create value for their customers, stand out in the market, and improve cash flow with the electric vehicles movement.
During these difficult times caused by the widespread outbreak of COVID-19, utilities are stepping up their role to help society maintain its modern living standards.