Renewable energy and electric cars: The way forward

Rajeev Thakkar, CIO of PPFAS Mutual Fund discusses renewable energy, electric cars and the way forward. There was a time, when mobile technology was in its nascent stage and most were skeptical about its cost effectiveness. Today, the convergence of internet, e-mail and mobile technology has made it possible to transact online, connect to people world wide and have interaction via video chat. Similarly Elon Musk and few other visionaries, such as Thomas, are talking about electric cars and renewable energy. If cars Internal combustible engines can be converted to batter operated engines, the cost of operating a car and maintaining it will make it reasonably low cost. This is a revolutionary idea. Lithium ION is the source of this energy and can make a difference to the way cars are priced today. Also, in the electricity space, instead, of coal, hydro and nuclear power, we can adopt and source from wind and energy power. This capacity is only increasing year on year in emerging markets and developed markets. Both these ides if implemented on a large scale, it will make energy costs drop substantially and less cost of making automobiles and even buying them. An interesting world we live in!