Discussion:
Europe could push renewables & EV over finish line
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M***@kymhorsell.com
2017-07-18 18:00:03 UTC
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Europe Could Push EV and Renewable Energy Across the Finish Line

If Europe keeps its word on banning gasoline vehicles it could have
wide ranging impacts on the energy world.

Travis Hoium
Jul 18, 2017 at 7:18AM

When France recently announced a plan to ban gas and diesel vehicle
sales by 2040 it wasn't met with the kind of fanfare a bold plan like
that might have gotten a few years ago. It's bold to look beyond oil,
but it's now feasible for some countries to do so and not rock the
boat politically. And France may not even be a leader in its anti-oil push.

The Netherlands' lower house passed a bill that would ban gasoline and
diesel car sales in 2025, Norway has a goal of going all-electric the
same year, and Germany and India have thrown around the idea of going
to all electric vehicles by 2030. But France's ban on gasoline
vehicles after 2040 may be the one to take most seriously because of
the country's size and location in the center of Europe.

Norway is currently the world's leader in EVs due to generous
govt subsidies. In 2016, 23.5% of auto sales in the country were
plug-in vehicles and Tesla (NASDAQ:TSLA) once counted the country as
its #2 market in the world. But Norway's population is just over 5
mn people is very small compared to France's 67 mn
population. And France borders a half dozen countries in Europe who
would invariably be impacted by France's ban, compared to Norway's
isolated location.

If France follows through on its plan to ban gasoline and diesel
vehicles it'll create a major market with the infrastructure needed to
go all-electric. Auto manufacturing, charging stations, and sales
channels will need to adjust. But when the govt pushes an
industry from the old standard to the new one there's no real way to
go back. Look at a product like incandescent light bulbs, which
dominated lighting for over a century. When the US govt
planned to ban them it pushed the industry to CFL and now LED lights,
which are the new industry standard, even after the ban was
overturned.

France is also notable because it's the home of Total (NYSE:TOT), one
of the biggest oil producers in the world. And as much as Total relies
on oil, it is starting to look beyond oil for growth. It owns
two-thirds of SunPower (NASDAQ:SPWR) and bought battery company Saft
last year. SunPower has dominated France's residential, commercial,
and island solar plus storage auctions recently, in no small part
because of Total's help. And if the trend continues, SunPower may have
a big growth market in France because of a push toward renewables,
energy storage, and EVs and Total may have a future beyond oil.

European automakers could be pushed to compete with Tesla

This push to move beyond oil is notable for Tesla as well. One of the
reasons Tesla is the most valuable automaker in the world is because
investors think it will take a huge lead in EVs and never give it
up. But the policy push to renewable energy and EVs in Europe could
cause the incumbent auto industry to make the shift to EVs faster than
they otherwise would have.

...


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AlleyCat
2017-07-18 22:45:47 UTC
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Post by M***@kymhorsell.com
Europe Could Push EV and Renewable Energy Across the Finish Line
NOTHING about global warming and how it pertains to man.

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