Statistics show that the number of electric vehicles (EVs) is increasing exponentially. This is a very positive move and beneficial action toward mitigating the carbon emission, and from this standpoint, it enhances the social welfare. However, to satisfy the charging demands of electric vehicles, fast and ultra-fast charging points should be deployed in distribution level of power system. How strong is our conventional power system to withstand such changes? How to deal with the probable bottlenecks of the system? In this speech, we particularly answer the aforementioned question and cover the existing and upcoming challenges and benefits of EVs.