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The number of plug-in electric vehicles (PEVs) on roadways will grow rapidly to more than 3,000,000 globally by 2017. Most PEV owners pay attention to the nature of the power that charges their vehicles, preferring clean renewable power such as solar. These customers are prime targets for residential solar installers, as many PEV owners own homes that can accommodate a sufficiently sizable solar array to generate all of the power that their vehicles would consume on an annual basis.
Automotive companies have marketing budgets that far surpass the reach of the smaller and more regional solar installation companies. By collaborating, solar and PEV companies have the potential to expand both of their markets by reducing the combined installation costs of vehicle charging equipment and solar panels by sharing equipment and electrical contracting expenses. Together, these two industries can provide a complete solution that enables emissions-free driving as well as clean, low-cost electricity.
This Navigant Research report details the strategies that solar companies and PEV manufacturers can adopt to grow their markets, by explaining the immediate and long-term financial benefits of replacing fossil fuels with carbon-free electrons for both home and transportation energy. The report outlines the technical and financial background data needed to create compelling consumer outreach and the collaborative programs that PEV and solar PV sellers can develop to make solar and PEVs more affordable and cost-effective for consumers and fleet operators.
Key Questions Addressed:
• How can the solar and PEV industries benefit by working together?
• What programs can be developed to increase interest in home EV charging using solar?