Do Electric Vehicles Mean You Should Invest in Coal?

The upcoming crop of electric cars is impacting Wall Street analysts and not just because of potential car sales. Motley Fool, an investment website, advises people to invest in coalbecause zero-emission vehicles such as the upcoming Nissan Leaf will plug into the national electric grid, which is powered largely by coal. While the money men think coal is a good investment, that doesn’t mean renewable resources aren’t making gains.

It will be a long time before wind and solar resources power our electric vehicle fleet — some might say never — and each EV purchased adds the equivalent of a new house to the electric grid, which necessitates more electricity production. This means burning more coal and spewing more greenhouse gases into the atmosphere is inevitable, right?

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