It’s 100% of new vehicle sales, not that every vehicle running has to be replaced with an EV by then.
What will it be then, 10-20% vehicles on the road are EVs? Considering most of those will charge at night when energy generation is at a surplus, should be okay.
As California transitions to more dependency on solar, integrations of energy storage and smart monitoring / V2G will be needed to redistribute energy resources.
By then, Tesla may be running PG&E
CA 2035 EV goal is actually not that outlandish. China will do the same for their entire gigantic market by 2035 as well. Norway also by 2035 and Britain by 2030.
And in the US only one state is setting that goal. We are the laggard.
i don’t work there, but full disclosure, interviewed for a job there last monday to help lead/ manage the transition to charging infrastructure needs for 100% EV goals. I do hope I get it, though I am guessing its a competitive job so may not. 
I am not a 100% fan of PG&E but I’ve been in the grid storage/microgrid space since 2009 (and aware of SMUD, awesome place, but they have a different regulatory structure AND a semi functioning government in Sacramento). While my life’s goal is to get to 100% carbon free transportation and electricty, I am also completely aware on the limitations of physics and managing electrons.
First, FED and all over world government agencies (like FED) diluted with money printing. Stock growth will reflect by increasing value. That means people are ready to accept lower returns when rate is 0.25 level.
Enough evidence? => NO
Here you go, Auto sales slumped after Covid hit (and recovering now)
Source: Total Vehicle Sales (TOTALSA) | FRED | St. Louis Fed
Do you need authentic source other than FRED?
This chart is breathtaking. Forget about nuclear. whose price actually went up in the last 10 years. Look at the steep price decline of solar.
Wind is also doing very well, but not as well as solar.
Renewable is actually cheaper now than carbon-based sources.
and the irony is that the cost of fossil fuel is rising, as many of the cheap sources of fossil fuels have already been exploited, leaving more expensive sources (tar sands?) as the next steps. So investors aren’t as interested in these more expensive, riskier sources of fossil fuels.
Nice to have goals but the idea of carbon free is just a slogan not reality. I studied energy science at Cal and am a licensed Civil engineer. My two nephews are environmental scientists. The ignorance of the millennials is only matched by their exuberance. Too bad none are required to learn science fundamentals and have very poor math skills. Studies have shown solar and wind can only provide 20% of energy needs without effective battery backup.
PGE doesn’t want anymore solar mucking up their system. They need power at night. Where is it going to come from?
If you go work for Pacific Graft and Extortion. Here is a perk. 25% off your utility bill. A truly disgusting perk, subsidized by the PUC and the public.
agreed. which is why I come from a grid storage background, am a MechE and MBA. They dont’ need power at night, but someone to soak up power from the fossil fuels so grid stays balances. Hence EVs. incentivize all these EVs to charge at night and during the peak solar time, not in the afternoon when sun sets. how? localized control and optimization algos.
Fossil fuels still needed.
Can’t charge EVs at night with solar power. Right now it costs $50k to go off grid, plus you need a lot of roof with no shade. I have been investigating this for years. Doesn’t make sense.
Pretty mind blowing. Beyond Tesla, who are the players? Anything worth investing in?
The combination of 1) rapid EV adoption, 2) higher electricity rates due to long term liabilities and fires, and 3) decreased COGS may be the perfect storm to drive massive solar adoption over the next decade.
Trillion dollar question. I am also thinking about the same. The only solar play I have is ENPH, and it’s been on fire this year.
We also need batteries to store the power. Tesla is a player here as well obviously. Price and capacity of batteries is also progressing very rapidly.
Still on this subject? Is similar to what I have posted moons ago and cut-n-paste again few posts earlier.
Look at your Fred graph carefully, Covid strike, decline and then start to recover, … exactly what I have said previously but you said it down down down and start to recover only now? It started to recover in Apr (bottom). Your statement below is WRONG. Have not fully recovered, true. But recovering from Apr.
There is a confusion (I think you and me are trying to say same…) When auto sales are affected by economy, but stocks are increasing, this is not right, and will settle in between (mean reversion)
Original subject: You are telling Covid-19 helped TSLA growth (and thinking what will happen to TSLA after covid-19 is vanished?). That reasoning is wrong where I said car sales was down.
Retail investors are exuberant, but will learn a lesson soon.
How long wave5 will go? => Days are numbered, may be in 2-10 days(max). Be ready for next wave!
Bearish divergence = agree 100%…no dispute…No challenge to EWT…
I was messing around. Talking BS 
Didn’t realize you take me as serious.
That’s what I see. And as pointed out by @manch TSLA leads - I agree with his view. If it is confirmed that TSLA has peaked, I will liquidate all my trading position.
Batteries are going to have way more demand than supply for a decade.
LG and CATL are the other big players.
Now TSLA is in S&P, after that index will also impact, when TSLA changes!
Elon:
How ever will California manage the coming energy demands?
Hmm…
He doesn’t know who is going to be a marginal buyer, once all the indexes purchase the stock, and he thinks the valuation is very high.
