The Untapped Potential of Smart Charging: How EV Owners Can Save Money and Reduce Emissions Without Behavioral Change (2503.03167v1)

Abstract: The transportation sector is the single largest contributor to US emissions and the second largest globally. Electric vehicles (EVs) are expected to represent half of global car sales by 2035, emerging as a pivotal solution to reduce emissions and enhance grid flexibility. The electrification of buildings, manufacturing, and transportation is expected to grow electricity demand substantially over the next decade. Without effectively managed EV charging, EVs could strain energy grid infrastructure and increase electricity costs. Drawing on de-identified 2023 EV telematics data from Rivian Automotive, this study found that 72% of home charging commenced after the customer plugged in their vehicle regardless of utility time of use (TOU) tariffs or managed charging programs. In fewer than 26% of charging sessions in the sample, EV owners actively scheduled charging times to align or participate in utility tariffs or programs. With a majority of drivers concurrently plugged in during optimal charging periods yet not actively charging, the study identified an opportunity to reduce individual EV owner costs and carbon emissions through smarter charging habits without significant behavioral modifications or sacrifice in user preferences. By optimizing home charging schedules within existing plug-in and plug-out windows, the study suggests that EV owners can save an average of $140 annually and reduce the associated carbon emissions of charging their EV by as much as 28%.