there is unlikely to be any significant issues or complications in providing power for the expected increase in electric cars that will be out on the roads in the next decade or so. Investments are expected in the fast charging station sector of the market, as more are expected to spring up to fill the demand as more electric cars take to the road. By the time electricity demands have increased significantly, some time around 2025-2030, these provisions should be well rooted.

Smart Metering

Smart meters will form the basis for the new electricity and gas meters, giving more accurate information on the actual power consumed and its relative cost at any point in time, both to customers and to the energy suppliers.

 Smart meters will enable energy suppliers to offer their customers flexible fees, so that customers will have the option to take advantage of the lower costs associated with off peak demand hours as opposed to paying a higher fee for demanding energy during high peak hours. Such pricing will motivate consumers to choose when to consume the energy, thereby encouraging efficient energy usage.  

There are advanced smart metering systems which are capable of switching configured appliances on or off during times when they are not needed, so that they are not a drain during high demand hours. Smart meters may also be installed in electric cars to reduce their dependence on the power grid in the coming years. This practical built-in system would allow for the cars to be switched on automatically for recharge during low electricity demand, making the service less expensive and more efficient for all concerned. As these types of plans are implemented successfully, the impact of the increased electrical demands made by electric cars will be kept at a level that is sustainable.