ERCOT technicians and market participants already have begun taking steps to ensure the grid continues functioning reliably.
ERCOT has no control over the quantity of electricity used on the system, although its finances depend on that usage.
Published reports project that 29 global auto manufacturers plan to invest $300 billion in electric vehicles over the next five to 10 years.
For summer 2020, the planning reserve margin should hit 10.6 percent, according to the report.
Only once before in the history of the ERCOT power grid have prices hit the $9,000 mark.