The electricity market will change how we drive. Is policy keeping up?
Endgame Analytics is launching a new research series on decarbonising transport. We are pleased to partner with SCT Consulting to explore the emerging electric vehicle market and its growing nexus with the electricity sector.
The shift to Battery Electric Vehicles creates a bi-directional relationship where charging behaviour affects grid stability, and electricity market volatility dictates transport costs.
Some key highlights:
- Cost of Driving: BEV drivers will see fuel cost savings of between 65% to 100% compared to ICE vehicles, depending on when they charge — and with Vehicle-to-Grid technology, drivers could even be paid to charge.
- Induced Demand: These lower operating costs have significant implications for future travel demand and congestion.
- The Shadow Price of Mobility: Vehicle to grid technology introduces a new opportunity cost. Will drivers choose to forego a trip to capture the revenue from discharging to the grid?
Read the full paper here to understand the impacts on appraisal, policy, and the future research needed to support the transition.
Get in Touch
Endgame Analytics and SCT Consulting are helping clients navigate these interactions between policy, technology, and economic strategy.
- Martin Chow, Director (Endgame Analytics) | E: martin.chow@endgameanalytics.com.au
- Isaac Mann, Consultant (Endgame Analytics) | E: isaac.mann@endgameanalytics.com.au
- Seamus Christley, Managing Director (SCT Consulting) | E: seamus.christley@sctconsulting.com.au