| All the crypto mining dying off should free up a lot of grid resources for EVs. I've heard the "grid can't handle all EVs" statement, but have not seen anything backing up the claim. I believe the grid can in fact handle EVs becoming prevalent. We might need more power generation, which could be new plants, and/or residential solar. Baring some kind of crazy legislation requiring ICE vehicles to be crushed or permanently parked, we are decades away from a scenario where pure EVs are the dominant vehicle type on the road. There are just too many serviceable ICE vehicles in play to expect them to really go away in the next quarter century or so. That allows plenty of time for anything the current power generation and distribution infrastructure lacks to be adequately addressed. |
The US's annual gasoline consumption is 135 bn gallons (2021 figure). At around 20 mpg (random estimate because I have to pick something), that works out to 2.7 trillion miles. At 30 kWh/100mi (figure from google), that works out 800 TWh if every gas vehicle in the US was suddenly switched for an electric one, or about 20% of the US's annual electricty generation of 4222.5 TWh (2018 figure). Also, that's about 5x the global crypto energy usage, vs just America's cars. [Obvious disclaimers: some of those estimates are arbitrary and not perfect, but they're in the right ballpark, and we obviously wouldn't switch to electric cars overnight]
Crypto was bad because it didn't actually accomplish anything with that power usage, but it was a pretty small footnote on the grand scheme of things.