Between 500 million to 1 billion EV’s expected on the road in 2050. All these EVs need to charge. Is your infrastructure prepared for the surge in demand? Time of Use (ToU) tariffs can be used as a tool to influence EV drivers to shift their charging behaviour to off-peak times of the day. This benefits EV drivers as they can reduce their energy bill and at the same time, it ensures EV charging when it is least disruptive to the grid, preventing an overload.
This also presents new challenges, if too many EV drivers shift too off-peak charging. These concerns however can also be mitigated by smart charging by taking into account factors such as charge status, charge rate and other factors, distributing charging across a bigger time frame.