The number of electric vehicles (EVs) in the US is projected to increase from 1.5 million in 2020 to 10–35 million by 2030 and will be a major disruptor to the electric power sector. Major adoption drivers include decreasing vehicle and battery costs, expanding EV models, increasing charging infrastructure, and growing market awareness of EVs. Favorable federal and state policies create additional incentives for purchasing EVs, including federal and state tax credits, rebates, and Zero Emission Vehicle (ZEV) mandates.

This presentation by the Brattle Group provides an assessment of the investments needed across the electric power sector to support the deployment of 20 million EVs in the US by 2030 with a focus on EV charging infrastructure. While this analysis focuses primarily on light-duty vehicles, electrification of commercial fleets and freight trucks will further magnify electrification-related opportunities.