European electric car growth: distribution company or the biggest winner

Deutsche Bank carefully considered the impact of electric vehicle growth on European public utilities and found that distribution companies could be the biggest winners.

Deutsche Bank said that the German Rheinland Group, Germany Yi Ang Group, Spain Ibizarola, Italy State Power and Czech CEZ are the main participants in the field of distribution.

"The high sales of electric vehicles will ease the pressure on unit prices and drive long-term asset growth," Deutsche Bank said.

Although power retailers can also benefit from electric vehicles, but because of competitive profit less than the monopoly of the grid's asset growth.

According to Deutsche Bank, the promotion of electric vehicles is a great attraction for energy retailers, because an electric car will double the household electricity demand.

Deutsche Bank pointed out that for the Danish East Energy, Germany, Italy, Angang Group and other key wind power and solar power generation, the benefits of the development of electric vehicles is not obvious.

Deutsche Bank emphasizes that on the one hand, electric vehicles may drive peak demand for electricity and thus benefit from flexible fossil fuel power generation; on the other hand, off-peak electric vehicle charging and potential car-to-

grid discharge will reduce demand, thereby reducing peak capacity value.