BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
U.S. Stocks Rise as Cooler Inflation Boosts Hopes for Fed Rate Cut 
U.S. Stocks End Week Higher as Markets Anticipate Fed Rate Cut 
Trump Meets Mexico and Canada Leaders After 2026 World Cup Draw Amid USMCA Tensions 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Electric vehicle (EV) adoption in Europe is set to rebound after a dip in 2024, with Bernstein projecting over 20% annual growth through 2030. While this trend supports the energy sector, its impact on overall European power consumption will be moderate.
According to Bernstein, EV-related electricity demand will rise from 30–40 TWh today to about 120 TWh by 2030, making up just 4% of Europe’s total power use. EVs will contribute to 25–35% of projected demand growth, alongside other drivers like heat electrification, green hydrogen, and data centers.
Despite expectations for continued EV adoption, falling electricity prices won’t be the main economic driver. Analysts led by Deepa Venkateswaran note that increasing grid and policy costs will offset commodity price drops. Still, EVs remain cost-effective compared to combustion cars, especially with home charging. Public fast charging, however, weakens this advantage.
A major implication lies in grid infrastructure. As EVs add to peak loads, EU27 and Norway will need to double annual distribution grid investment to €67 billion from 2025 to 2050. EVs are a key demand driver for this surge in spending.
There is also long-term potential in grid flexibility. With the right infrastructure, EVs could function as virtual power plants, helping balance the grid and accommodate intermittent renewable energy sources.
While not a game changer, EVs are a solid contributor to power sector evolution. Utilities like National Grid, Iberdrola, and E.ON SE are positioned to benefit, with Bernstein highlighting them as attractive investment opportunities due to strong earnings potential and increasing capital deployment aligned with EV growth.
Overall, EVs represent a steady but not disruptive tailwind for Europe’s energy transition and grid modernization.
