The electric vehicle transition and the future of electricity demand

Topic: Electricity demand from the road vehicle sector is set to accelerate sharply in the coming decades, according to our new in-house forecasting methodology. Our results indicate that the shift to electric vehicles – battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) in particular – will generate significant changes in the energy mix of the road sector. As the composition of the road vehicle stock shifts towards vehicles that draw power from the grid, the amount of electricity consumed by the sector will increase substantially while at the same time displacing oil demand.

Sean Metcalfe

Economist

Sean Metcalfe

Economist

Sean Metcalfe | Economist

Sean is an Economist on the Industry team, where he works on various consultancy projects and carries out sectoral forecasts for basic metals and metal products.

Prior to joining Oxford Economics, Sean spent two years working for RBB Economics as a competition economist. At RBB he was involved in the economic assessment of competition cases across a range of industries, including mergers and acquisitions in the food and beverage sector and antitrust investigations in the telecommunications sector. Sean holds an MSc in Economics from the London School of Economics and a BSc in Economics from the University of York.

Jeremy Leonard

Director of Global Industry Services

Jeremy Leonard

Director of Global Industry Services

Jeremy Leonard | Director of Global Industry Services

Jeremy Leonard is responsible for overseeing the work of the industry forecasting team and managing the operation and output of Oxford Economics’ 74-country, 100-sector Global Industry Model as well as related consultancy work.

Jeremy’s knowledge and past experience span a broad range, including competitiveness and offshoring/reshoring, commodity price modelling, and applied economic research on sectors ranging from biotech to heavy manufacturing to telecoms. In addition to numerous recurring bespoke sales and output forecasts for industries as diverse as machine tools and consumer packaging, recent consulting assignments have included the drivers of competitiveness in the chemical sector, forward-looking analyses of high-growth sectors across a range of emerging economies, and the ways in which digital technologies are transforming economic activity across manufacturing and service sectors.

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