Can electric vehicles rescue Eskom? – Moneyweb

https://www.moneyweb.co.za/moneyweb-opinion/can-electric-vehicles-rescue-eskom/?utm_source=Moneyweb&utm_campaign=09b67e508f-EMAIL_CAMPAIGN_2018_02_13&utm_medium=email&utm_term=0_b106a40770-09b67e508f-209551729&mc_cid=09b67e508f&mc_eid=505c357b05

Elon Musk, Tesla CEO. If Eskom wants to capitalise on this gap in the market, the time to act is now, the authors write. Picture: Moneyweb
Eskom’s newly-installed board of directors and executive team should embrace the electric car as one long-term solution to the challenge of falling demand that is the most fundamental obstacle the state utility grapples with as it struggles to remain a going concern.

In the next five to ten years electric vehicles (EVs) have the potential to grow electricity demand and provide a new source of revenue and profit for the beleaguered company. Reduced demand from the mining and industrial sectors, partly as a result of the steep increases in the price of electricity over the last decade, has seen the national power producer face declining unit sales and an increase in excess capacity. As many parts of the world stride ahead in the adoption of electric cars, we ask the question, how quickly can they be adopted here?

Elon Musk, Tesla CEO. If Eskom wants to capitalise on this gap in the market, the time to act is now, the authors write. Picture: MoneywebElon Musk, Tesla CEO. If Eskom wants to capitalise on this gap in the market, the time to act is now, the authors write. Picture: Moneyweb

Eskom’s newly-installed board of directors and executive team should embrace the electric car as one long-term solution to the challenge of falling demand that is the most fundamental obstacle the state utility grapples with as it struggles to remain a going concern.

In the next five to ten years electric vehicles (EVs) have the potential to grow electricity demand and provide a new source of revenue and profit for the beleaguered company. Reduced demand from the mining and industrial sectors, partly as a result of the steep increases in the price of electricity over the last decade, has seen the national power producer face declining unit sales and an increase in excess capacity. As many parts of the world stride ahead in the adoption of electric cars, we ask the question, how quickly can they be adopted here?

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