The electric car revolution is already underway, and if the long-term projections are even remotely close to accurate, the effects will ripple through every corner of the global economy. A large chunk of conventional fossil fuel powered electricity generation is already uneconomic because of the surge of wind and solar installations. Nearly every major U.S. coal mining company has either filed for bankruptcy or is in financial distress, a glaring sign that the industry that powered the U.S. electrical grid for a century is dying off. Even the relatively small penetrations of solar and wind are upending electricity markets, but we are merely at the beginning of this revolution. As Michael Liebreich of Bloomberg New Energy Finance wrote on August 22, the long-term ramifications of this unfolding phenomenon are hard to overstate. Take the electricity sector as an example, which is flipping from being an industry […]