Batteries On Wheels: In The Future, Electric Cars Can Power Homes [Forbes]
IBERDROLA SA S/ADR (IBDRY)
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Source: Forbes
Batteries On Wheels: In The Future, Electric Cars Can Power Homes An electric car recharges its battery at a charging point in Westerpark on April 12, 2019 in Amsterdam (Corbis via Getty Images) As countries look to decarbonize transport, increasing the use of electric cars is proving key to that effort. And batteries are the key challenge to making those electric cars work. Now, a new study says that those batteries may also be the key to reducing the power sector’s emissions by increasing efficiency. The study by Element , commissioned by energy companies Enel and Iberdrola, carmaker Renault and the NGO Transport & Environment, said that a smart deployment of electric cars which charge at low-demand times and batteries that feed back into the grid at high-demand times would reduce the need to build additional grid storage and power plants. The study looked at four countries – France, Italy, Spain and the UK – and found that between them they could save €1.3 billion ($1.5 billion) ea
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