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An electric car “fuels” up. The problems with storing energy generated from non-hydrocarbon sources have held back the industry. But that is changing fast, according to a recent UBS report.
An electric car “fuels” up. The problems with storing energy generated from non-hydrocarbon sources have held back the industry. But that is changing fast, according to a recent UBS report.
(Matthew Sherwood For The Globe and Mail)

Get set for the great energy disruption

On good days, your car is a glorious speed machine, but most of the time it’s just an overpriced shopping cart. But consider the possibility that within a decade, that lump of steel, plastic and rubber in your garage could become a vital component of the national electricity grid. We are approaching a tipping point at which the falling cost of solar energy and improving battery technology will transform the way we power our lives, turning homes into generators and cars into moving power storage units. It will hugely disrupt the business of producing and distributing electricity and it will bring about the gradual eclipse of the age of oil.