In a situation where all vehicles on the road will be powered by electricity, an increase of 7.5%-10% in electricity consumption is expected (Photo: ShutterStock)
In recent years, there has been a jump of hundreds of percent in the volume of electric vehicles that enter the roads of Israel and the world.
In fact, if now the majority of vehicles on the road are still powered by gasoline, the picture is expected to change from end to end in the not too distant future: as part of the effort to reduce greenhouse gas emissions, a variety of countries (including Israel) have announced that they will ban the sale of vehicles powered by gasoline between the years 2030-2035.
How is the transition to electric vehicles expected to affect the electricity sector?
According to the estimates of the electric company, in a situation where all the vehicles on the road will be driven by electricity, an increase of 7.5%-10% in electricity consumption is expected. And that's not all: according to the estimates, household electricity consumption is expected to increase by 40%.
The current electricity infrastructure will have difficulty meeting the growing electricity needs: if a parking lot of a residential building currently contains individual charging stations, what will happen when tens or hundreds of vehicles in the building need charging?
To deal with the expected increase in electricity consumption, the state presented a plan for the development of the energy sector, which includes the construction of additional power plants.
But the increase in electric power alone will not be enough, in a situation where masses of electric vehicles will be connected to the charging socket at the same time, increasing the load on the electric grid beyond recognition.
To enable a massive transition to electric vehicles, solutions must be found to regulate electricity consumption.
Here are some possible scenarios and solutions, some of which are already being expressed in Israel and around the world.
Installation of charging management stations in condominiums
Currently, charging the vehicle in a shared house requires the installation of a private charging station.
But what will happen when most of the vehicles in the building will be electric and need to be charged?
In order to meet the expected load on the building's electrical infrastructure, charging management stations are deployed today in Israel and around the world: these are smart systems that allow multiple vehicles to be charged at the same time, through a load management system that manages the charging according to a variety of variables such as the hours of use and the number of users.
Some systems can determine the rate of charging, to allow the charging of more vehicles at the same time.
In addition to charging management, solutions are already being used today to increase the building's power supply through the use of renewable energies such as solar panels, which will be connected to batteries for storing electricity and charging management stations.
Encouraging charging during off-peak hours
How do you deal with the expected load on the electricity grid in the evening hours, when masses of vehicles are expected to connect to the charging station?
One of the ways to regulate the loads in the evening hours, which are considered the peak hours for charging vehicles, is to encourage charging during the day.
Encouraging charging can be done with the help of lowering rates during off-peak hours, along with increasing rates during peak hours.
Another way to regulate the loads is to postpone the charging time: car owners who charge their vehicles in the evening and at night will probably agree to a reduction in the rate in the late hours of the night in exchange for postponing the charging by several hours, in a situation where they will have a full battery waiting for them the next day anyway.
A wide deployment of public stations that
reduced the load on the home electricity networks, with the help of a wide deployment of public charging stations.
Just as today the drivers of gasoline vehicles enjoy a wide spread of gas stations, so in the future it will be necessary to significantly increase the spread of public charging stations.
Setting up charging stations at workplaces
Another way to regulate electricity consumption throughout the day and reduce the expected load on residential buildings in the evening is to encourage the installation of charging stations at workplaces.
This is, among other things, through the imposition of an obligation to install charging stations in workplaces, or alternatively through the provision of incentives.
Is there electricity yet?
Don't be short on insurance...
Proper preparation of the electricity sector already today, will support the sharp jump of electric vehicles that hit the road.
After dealing with the consequences of the electric vehicles, what do we do about the insurance consequences?
An electric vehicle has unique characteristics that also affect its insurance.
For this reason, it is important to purchase car insurance that meets these characteristics.
Phoenix electric vehicle insurance is designed for exactly this purpose: it is comprehensive insurance tailored to the needs of the electric vehicle, with dedicated coverages such as roadside services that include towing to the nearest charging station in the event of the battery being depleted, coverage for the charging equipment that comes with the vehicle in the event of theft or an accident, and more.
Phoenix's expertise in electric vehicle insurance includes adaptation to the characteristics of the electric vehicle and meets the standards of the leading manufacturers: Phoenix was announced as the official insurer of Tesla and Aiways.
And what about the charging station itself?
She should also take care of and insure her against damages that may be caused to her or to a third party.
The Phoenix launched a dedicated policy for charging station insurance.
The insurance is purchased separately and provides comprehensive protection when needed.
The accelerated penetration of electric vehicles is expected to reshape the automotive world.
Proper preparation at the level of electrical infrastructure and at the level of electric vehicle insurance will allow us to get on the road to a greener and more economical world.
In collaboration with Phoenix