Authors

Matthew Yates, Eric Lopez,
Fraser Hill and Peter Christiansen

Research organisation

Bank of America Merrill Lynch

Download the report

Electric Vehicles: Socket to Me

Report Date

December 2011

Release Date

January 2012

Document summary

In the very long-term the total conversion from gasoline to electric vehicles could increase UK electricity demand by 25%. However the National Grid has calculated that the extra demand could almost be offset by reduced demand stemming from more efficient lighting and appliances and the roll out of smart meters. Electric vehicles could reduce total CO2 emissions by about 15%, a meaningful contribution towards the EU’s goal of 80% carbon reduction by 2050.