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Unlike those you may have grown accustomed to seeing, many of these stations don’t just charge electric cars—they can also send power from vehicle batteries to the local utility grid for use by homes and businesses. Debates over the feasibility and value of such vehicle-to-grid technology go back decades. Kempton and Letendre’s.
Warren Buffett is an investor in China’s BYD, which is making a compact fullyelectric vehicle to be sold in China later this year. And Reuben Munger, former managing partner at investment firm Baupost Group LLC, is a founder and chairman of Bright, which developed a fullyelectric delivery van called Idea.
Most automotive manufacturers say they plan to use renewable energy in the future, but for now, most battery production relies on electricgrids largely powered by fossil fuels. about 60 percent of its electricity from fossil fuels, primarily natural gas, which produces less carbon than coal does. AFP/Getty Images.
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