The UK is at the tipping point for the mass take-up of electric vehicles. For the energy companies powering the UK, this creates numerous challenges – where and how will people and companies refuel their electric vehicles? Should the new infrastructure required come ahead of demand and if so, who will pay for it? But it also creates massive opportunities: EVs can effectively operate as mobile batteries, facilitating much greater flexibility of the power system; and they will change the relationship between consumers and their energy providers.
Information is critical for energy companies as they prepare to meet the challenges and opportunities of EVs on a mass scale. The challenge in this hack is to take publicly available data – such as the number of EVs on the road; the concentration in certain areas; the available charging points – and identify opportunities for energy businesses to support the EV rollout. This could be through the development of well placed, timely and efficient charging infrastructure, for example, or retail tariffs or bundles that support customers in transitioning to EVs.
How can energy companies create Future Systems that support the mass take up of electric vehicles?