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Reproduced from Accenture; Chart: Axios Visuals

Two new reports are arguing that the rise of electric vehicles is shaking up at least two mammoth industries: automobiles and, eventually, utilities.

The big picture: The consultancy Accenture put out some numbers around how EV deployment is a business opportunity for power companies. Their projections are in the chart above.

What to watch: Accenture sees a potential $2 trillion-plus market for utilities in the U.S. and Europe alone within the next couple decades.

  • A lot of that is power sales, up to $1.7 trillion in those markets by 2040. But they also see higher margin business lines. One is a $400 billion market in public and private charging infrastructure by 2040, and money to be made offering other various services.

The market for services will be broad. Utilities can get into financing vehicle and battery sales and leasing; charging station maintenance; remote charging and all kinds of other things, like...

  • "Platforms that enable other services designed to create a seamless, more satisfying customer experience—such as integrated home-EV energy management, charge point navigation, charging reservations, battery management or payment processing—would also be valuable to customers."

Yes, but: Remember that for all the excitement around EVs, these are also risky times for automakers as they try and position themselves.

Go deeper: How electric vehicles force automakers to play nice

Go deeper

Updated 58 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 7 a.m. ET: 19,655,445 — Total deaths: 727,353 — Total recoveries — 11,950,845Map.
  2. U.S.: Total confirmed cases as of 7 a.m. ET: 4,998,802 — Total deaths: 162,425 — Total recoveries: 1,643,118 — Total tests: 61,080,587Map.
  3. Politics: Trump signs 4 executive actions on coronavirus aid — Democrats, and some Republicans, criticize the move.
  4. Public health: Fauci says chances are "not great" that COVID-19 vaccine will be 98% effective — 1 in 3 Americans would decline COVID-19 vaccine.
  5. Science: Indoor air is the next coronavirus frontline.
  6. Schools: How back-to-school is playing out in the South as coronavirus rages on — Princeton, Johns Hopkins, Howard to hold fall classes online.

Elevator anxiety will stifle reopenings

Illustration: Aïda Amer/Axios

Will you step back into an elevator any time soon?

Why it matters: Tens of billions of dollars — and the future of cities around the country — rest on the answer to that question. So long as workers remain unwilling to take elevators, hundreds of billions of dollars' worth of office real estate will continue to go largely unused.

Updated 6 hours ago - World

Brazil coronavirus death toll tops 100,000 and case numbers surpass 3 million

Brazilian President Jair Bolsonaro posted a photo of himself to Facebook congratulating his soccer team, Palmeiras, for winning the state title Saturday, moments after the health ministry confirmed the national COVID-19 death toll had surpassed 100,000.

Why it matters: Brazil is only the second country to confirm more than 100,000 deaths from the coronavirus. On Sunday morning, it became the second country to surpass 3 million cases, per Johns Hopkins. Only the U.S. has reported more. Bolsonaro has yet to address the milestones. He has previously tested positive for COVID-19 three times, but he's downplayed the impact of the virus, which has crippled Brazil's economy.

Editor's note: This article has been updated with the latest coronavirus case numbers and more context.