Sustainability Magazine May 2025 | Page 14

THE IMPACT OF EVs ON E

EV sales reached

22.7 %

of total vehicle sales in Europe in 2024

Smart charging could contribute to

€ 4bn( US $ 4.4bn)

in annual saving for European grid operators

Grid investment costs could be lowered from € 67bn( US $ 73bn) to € 55bn( US $ 60bn), a

17.9 %

REDUCTION

annually between 2025 and 2050 through flexibility and other strategies

14 May 2025