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November 06, 2025
Traditional power demand sectors such as Residential, Commercial and Industrial remain are tied to economic activity and constraints therein. Therefore, modest growth of 0.7%/yr is expected. Electric Vehicles (EV) growth is expected at 23% to 2035 as battery costs are reduced and range is increased, and charging infrastructure continues to expand. Internal Combustion Engines are still expected to command yearly market share. EV growth will require about 50 GW of incremental power generation capacity at 70% load factor (l.f.). Electricity requirements for AI datacenter expansion will drive near-term growth, increasing by 440 TWh by 2035. Datacenter growth will require about 72 GW of incremental power generation capacity at 70% l.f.