How EVs Could Make Solar Viable Without Subsidies

August 22nd, 2014 by Giles Parkinson

RenewEconomy.

Investment bank UBS says the addition of electric vehicles, and the proliferation of battery storage, will solve the problem of intermittency for rooftop solar and make it viable without subsidies. So much so, it says, that households will be able to budget for 12 years of “free electricity” for a 20-year solar system.

In a major report on the “revolution” that could hit energy markets any time soon, UBS says – as we report here – that the combination of EVs plus solar plus storage will deliver a payback time of 6-8 years by 2020 – effectively making centralised fossil fuel generation redundant.

It says this is not understood by the utility industry or the market, because they are “not yet looking at the topics of solar, EVs and stationary batteries with a holistic view.”

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