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Pike Research forecasts worldwide grid energy storage spending to reach $22B by 2021, down from 2010 forecast of $35B

Green Car Congress

Energy storage technologies represent an alternative to traditional grid management using generation assets such as natural gas peakers to balance the grid by adding power to it. “In the near-term, we expect to see some consolidation in the battery industry, with a few leaders taking the lead.

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What Part Do EVs Play in the Federal Net-Zero Emissions Target?

Clean Fleet Report

In 2016, nearly 200 countries ratified the Paris Agreement, an international treaty to reduce emissions and slow global warming. The car runs on a battery-powered motor and requires no gasoline, oil or any fossil fuels for operation. For example, solar and wind energy at EV charging stations would be an excellent start.