Electric vehicles won’t just change how we get around. They’ll transform large swathes of how our economy operates. That’s the thinking behind a new article from Michael Liebreich and Angus McCrone of Bloomberg New Energy Finance, in which they point out that similar economy-wide shifts have happened many times before:
Liebreich and McCrone say, history is full of examples of how innovation in one area of our economy can lead to much broader shifts in sometimes hard-to-predict places. And because cars are a form of “keystone species” in our economy, they are a prime candidate for initiating a similar phase shift. Here are just some of the areas of economic/societal activity most likely to be impacted by the electrification of the transport sector.