Title: These 3 things are crucial to the future of electric cars | World Economic Forum
Headings: These 3 elements are crucial to the future of electric cars
These 3 elements are crucial to the future of electric cars
The Fourth Industrial Revolution in energy and mobility systems
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A new approach to electrification of transport is required
The convergence of energy and mobility
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Content: creating new services for customers; and creating new jobs. The convergence of energy and mobility
When these three general principles are followed, mobility assets and energy systems help each other. EVs can be used as a decentralized energy resource and provide new, controllable storage capacity and electricity supply that is useful for the stability of the energy system. In markets where regulation allows EVs to be used as a source of flexibility, energy players start betting on this vision, with cars working as “batteries on wheels”. For example, in a pilot project in Denmark, Enel and Nissan set up the first vehicle-to-grid (V2G) commercial hub: by selling frequency-regulation services for system balancing purposes to the Danish transmission system operator, a car can generate around €1,500 in annual revenue. New business models are possible, where the drivers and fleet operators of EVs could play as producer-consumers of energy services, such as vehicle-to-everything (V2X) and smart charging. These new energy services will create additional opportunities for revenue sharing between the vehicle owners and the energy suppliers that would reduce the total cost of ownership of the EVs and accelerate their market penetration. At the EUREF campus on the outskirts of Berlin, the EV charging stations are integrated in the local micro smart grid with solar and wind generation.