You're thinking is on the right track. The electricity market however also relies on demand to take forward investment decisions. The mentality in solar investments at the moment is the concern of a floodgate of supply coming online which will bring prices tumbling down. In short, a chicken/egg situation.
That being said, 142 Gigawatts of charging demand for batteries could be seen as an opportunity. Imagine all the cars effectively acting as a giant battery to take in surplus demand of solar during the day without crashing electricity prices. The additional demand means the solar projects become economic on a standalone basis without RECs or subsidies further accelerating the investment.
It's fun to speculate about what the future holds but what is known for sure is we are in a chicken/egg situation and looks like the EV move is happening, my view is the electricity prices will in the short term increase but with robust demand, it will underpin investments by solar companies as the economics become more attractive.
TLR: Solar companies currently forecast their economics using low prices but if indeed the demand from EVs materialise, an uplift in pricing assumptions is expected to accelerate investment in solar generation as it will be economic on a standalone basis without RECs for Gov subsidies at market prices.
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