A recent study “Impact of Electric Vehicles on Power Demand, Forecast to 2040 - A Perspective on Key Global Growth Markets” conducted by business consulting firm Frost & Sullivan, revealed that given the significant vehicle electrification, rise of disruptive technologies such as vehicle-to-grid (V2G) and peer-to-peer blockchain trading, utilities are poised to employ smart charging and demand response programmes to cope with the growing energy demand.
