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UBS And Citigroup Expect Massive Solar-EV Revolution

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Analysts from UBS and Citigroup, two of the world’s largest investment banks, believe the growth of solar power, in combination with advances in batteries and electric cars, will cause a huge disruption in the energy industry. UBS believes centralised fossil fuel generation will become “extinct” sooner than most people realise. Citigroup predicts renewables will replace coal and gas in power generation, which will free up the use of gas as a substitute for oil in transport.

“It’s time to join the revolution,” UBS says in a note to clients, in what could be interpreted as a massive slap-down to those governments and corporates who believe that centralised fossil fuel generation will dominate for decades to come.

Citigroup had this to say: “We believe global solar growth will be driven by economics, fuel diversity and emerging financing vehicles as well as some country specific legislative overlay,” Citi analysts argue in a new report.

“Moreover, this growth looks set to continue for the long term, as solar takes an ever greater share of energy generation, helped by improving economics against fossil fuels.”

It is thought that payback time for unsubsidized investment in electric vehicles plus rooftop solar plus battery storage will be as low as 6-8 years by 2020 – triggering a massive revolution in the energy industry.

So, will the oil and gas giants revolt and start smear campaigns or have they purchased most of the “electric” stock out there with all that massive old school money they have?

[SOURCE](http://www.energypost.eu/ubs-citigroup-warn-investors-massive-revolution-energy-industry/)

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“UBS And Citigroup Expect Massive Solar-EV Revolution”