The widespread adoption of electric vehicles (EVs) will lead to greater consumption of electricity. As a result, existing electricity systems will have to be reconfigured to meet these needs, and this is where the smart grid can play an important role, according to a report released by the International Transport Forum.
Smart grid technology can make it possible for EVs to proliferate without overloading the electric supply industry. At the same time, these vehicles may be useful for matching intermittent solar and wind power supplies to demand, soaking up excess off-peak power supply and feeding power back into the grid when needed. In addition, EVs may be able to produce a backup supply of power in case of power cuts, according to the report.