Content Contributed by Isidor Buchmann, CEO & Founder, Cadex Electronics, Inc.
Consumers demand faster charging times. Leading in this movement is the electric vehicle (EV) industry that strives for charge times similar to filling up a vehicle at a gas station. Pumping 50 liters (13 gallons) of fuel into a tank holds a calorific value of 600 kWh. The fill-up is quick. An EV battery, in comparison, only stores between 50 to 100 kWh of energy and charging takes a long time. MORE
Contributed commentary by Robert A. Rango, President and CEO, Enevate Corp.
Electric vehicles are the most revolutionary development in the auto industry since the internal combustion engine. Every day they get more advanced and more popular. Electric cars and plug-in hybrids are projected to account for an average of 8 percent of all cars sold in the United States by 2020. While that shows tremendous growth in electric vehicles (EVs), you don’t have to be a statistician to notice that this is still a fairly small percentage. EVs are becoming more affordable (although they may not be as affordable as cars with internal combustion engines until the 2020s). Plus, there are great government incentives that make it easy, and at least comparable in price to standard auto sales, for people to switch to EVs. So what’s holding the market back? MORE