Why the U.S. electrical system could be severely impacted by the electric vehicle boom
By 2030, electric vehicles are anticipated to account for more than half of all new cars sold in the United States.
By 2030 and 2035, the domestic electricity demand is anticipated to rise by up to 18% and 38%, respectively.
That represents a significant shift from the 5% increase we experienced over the previous ten years.
Large trucks and aviation are not included in the category of light-duty vehicles, which is expected to use up to 3,360% more electricity by 2035.
Electricity is used a much when recharging electric vehicles.
For grid infrastructure upgrades, the company is bound by a four-year financing cycle, and its most recent financial request was made in 2021.
Now, Krefta predicted that funding will undoubtedly fall short of what is required.