UBS, Christopher Heiser.
“We think that by 2020, shrinking battery and solar cost will make EVs in the mass segments the cheaper alternative over a car life cycle in most European markets.”
A report by investment bank UBS sees the use of renewable energy growing and battery prices dropping. By 2020, the combination of EV, solar and storage will therefore deliver a payback time of six to eight years.
“If we want to be like successful car companies, we have to show what we can do. Not just talk about it.”
Renovo CEO Christopher Heiser explains why the start-up stopped short of announcing its plans before they had a vehicle to show for. He says Renovo wanted to make sure to live up to its promise and that it has (hopefully) learned from other carmaker’s mistakes.