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Driving Growth with Plug-In Electric Vehicles: Don't Be Left in The Passenger Seat

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Driving Growth with Plug-In Electric Vehicles: Don't Be Left in The Passenger Seat

  1. 1. Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture. Driving growth with plug-in electric vehicles: Don't be left in the passenger seat
  2. 2. Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture. Accenture Strategy forecasts adoption at 2—3% by 2025. In leading markets, the industry could see adoption at 5% or even more. The market for plug-in electric vehicles (PEVs) is charged up and ready to roll. Accenture Consulting’s 2016 New Energy Consumer research found that respondents ranked electric vehicles in the top-five most wanted products and services.
  3. 3. Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture. Here's the good news for utilities companies Utilities can gain the upper hand in the PEV arena because charging infrastructure is a key component of the PEV equation. In an evolving energy ecosystem, it's important to consider: A single PEV increases average electricity use of a typical household by 20—30%. Two passenger PEVs in a neighborhood can roughly offset one residential customer with distributed solar. 300,000 PEVs can offset a million MWh in load loss to distributed solar.
  4. 4. Here's the bad news for utilities companies Other players—including automotive, technology and retail companies—are developing digital solutions to take control of the PEV ecosystem. Many utilities are just beginning to formulate an integrated PEV strategy. Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture.
  5. 5. Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture. Utilities need a digitally-enabled, customer-centric, cross-industry solution to meet the PEV opportunity. Here are three important steps to consider: How utilities can seize the PEV opportunity
  6. 6. Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture. 1 Pursue partnerships with original equipment manufacturers (OEMs) and charging providers while retaining ownership of the key part of the value chain–the customer relationship. • 81% of customers actually prefer buying charging services from their energy provider How utilities can seize the PEV opportunity
  7. 7. Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture. 2 Invest in “smart” PEV charging infrastructure that provides innovative rate structures and charging options. • Less than 10% of announced utility electric vehicle infrastructure programs are deploying “smart” infrastructure. • Yet 42% of consumers are willing to work with their energy provider to manage when they charge their vehicle, with time-varying rates. How utilities can seize the PEV opportunity
  8. 8. Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture. 3 Think beyond PEV charging infrastructure. • V2G technology could turn PEVs into full two- way distributed energy resources on the grid. • Identify other value-added services on top of charging infrastructure solutions. How to respond to the PEV opportunity
  9. 9. LEARN MORE about how utilities can get in the driver's seat with our full report: Copyright © 2016 Accenture All rights reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture. Driving growth with plug-in electric vehicles: Don't be left in the passenger seat

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