According to foreign media reports, some studies have pointed out that in order to meet the growing demand for electric vehicles, the Norway power grid will need to spend 11 billion kroner ($1.27 billion) to upgrade in the next 20 years, and residents may have to pay for it.
In March of this year, Norway electric vehicle sales reached a record high due to the Norway government's policy of reducing electric vehicle tax, tolls and parking fees and providing them with preferential or free charging points. Among all new cars sold, pure electric vehicles accounted for 60%. In order to achieve the suspension of traditional fuel vehicles in 2025 and the carbon neutral target of 2040, currently 220,000 of the total 2.7 million vehicles in Norway are electric vehicles.
According to relevant research, if most of the passenger cars in Norway are electric vehicles by 2040 and the drivers continue to maintain their current charging habits, the Norway power grid must spend 11 billion kronor for power upgrades. 60% of this funding will be used for low-voltage distribution network upgrades, 10% for substation upgrades, 28% for high-voltage distribution grid upgrades, and 2% for high-voltage transformer upgrades. Since it is not realistic to specifically set the charging standard for electric vehicles, the lack of investment will result in an increase in electricity bills, and all residents may have to pay for it.
However, drivers can reduce the cost of electricity by changing their charging habits. Charging at night hardly causes any increase in power costs, and charging only 4 billion kronor for power upgrades in the afternoon when charging or battery is completely out of power. If the driver continues to charge the vehicle every afternoon, the average peak period will be transferred from 8:00-9:00 CET to 17:00-20:00.
The study estimates that by 2040, the number of Norway electric vehicles will reach 1.9 million, and the annual electricity consumption will not exceed 5 TWh. Erik Figenbaum, Principal Investigator of the Norwegian Institute of Transport Economics (TOI), said that if Norway's electric vehicle coverage is reached by 2040, the annual electricity consumption will increase from the current 0.8 TWh to 8.8 TWh, which is equivalent to the current family. A quarter of the total electricity consumption.
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