Incentives such as cheaper off-peak electricity rates are effective in persuading owners of electric vehicles (EVs) to charge their cars outside peak demand times, reducing grid pressure and domestic costs, according to findings from the world’s largest home smart-charging project. DriveElectric notes incentives such as cheaper electricity rates at off-peak times appear to be highly effective at moving demand away from peak periods. The study, published today by researchers at Stanford University School of Engineering & Applied Science, found that EV owners who charged during off-peak hours saw a significant reduction in monthly power bills compared with those who did not
Incentives such as cheaper off-peak electricity rates are effective in persuading owners of electric vehicles (EVs) to charge their cars outside peak demand times, reducing grid pressure and domestic costs, according to findings from the world’s largest home smart-charging project. The study, published today by researchers at Stanford University School of Engineering & Applied Science, found that EV owners who charged during off-peak hours saw a significant reduction in monthly power bills compared with those who did not