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UBS report on Solar/Batteries/EVs (quoted in the FT)

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arg

Active Member
Supporting Member
Aug 22, 2012
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Cambridge, UK
Looks interesting:

UBS quoted by FT said:
Solar panels and batteries will be disruptive technologies. Solar is at the edge of being a competitive power generation technology. The biggest drawback has been its intermittency. This is where batteries and electric vehicles (EVs) come into play. Battery costs have declined rapidly, and we expect a further decline of >50% by 2020. By then, a mass segment EV will have almost the same sticker price as a combustion engine car. But it will save up to €2,000 per year on fuel cost, hence, it will begin to pay off almost immediately without any meaningful upfront “investment”. This is why we expect a rapidly growing penetration with EVs, in particular in countries with high fossil fuel prices.

Thanks to EV-driven economies of scale, we also expect the cost of stationary batteries to drop c50% by 2020. Based on our proprietary analysis, battery storage should become financially attractive for family homes when combined with a solar system (and an EV). As a consequence, we expect transformational changes in the utility and auto sectors, which we discuss in this report.

More quotes in the FT article do-bank-analysts-dream-of-electric-cars/? (free registration site)

and presumably far more in the original report (which I don't have).