For years electric vehicles were the auto industry's most significant growth story.
That story has become more complicated.
Demand has been patchy. Losses have stung. Car producers have been compelled to re-evaluate how swiftly they should invest in battery factories, electric lorries and software-heavy automobiles.
Now, Bank of America sees a different kind of potential emerging from that same industrial foundation.
The timing is everything. The artificial intelligence explosion is presenting a big electrical dilemma for technology companies, utilities and industrial suppliers.