00:00it's official electric vehicles are hitting highways in droves they're expected to make up
00:09a third or even half of all light vehicles sold in the u.s by 2030 the wall street journal reports
00:15compared to about seven percent in 2022 it begs the question can the power grid handle the influx
00:22of batteries that will need charging the impact is already being felt in some areas like california
00:27where residents have to contend with heat waves to avoid overloading the grid while experts predict
00:32utilities will be able to meet the power demands it will likely require a significant investment
00:38into neighborhood power distribution systems as well as transformers serving commercial sites
00:44as electric delivery vehicles become more common the downside the cost will likely be passed on to
00:49consumers aka higher electric rates to prepare it may be necessary to curb charging during peak power
00:57periods such as in the evening utilities could vary the cost of electricity by time of day and offer
01:04incentives to vehicle owners to charge overnight another idea bi-directional charging where evs could
01:11send power back to the grid from their batteries during peak demand in other words making them part
01:16of the solution instead of the problem
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