Electric vehicles (EVs) are fast becoming common in our states and communities, and you might be considering joining the league of people who own these EVs.
Electric vehicles have ridden on the wings of innovative technology to reach where they are today. 1997 heralded the introduction of the Toyota Prius, which was the first mass-produced hybrid electric vehicle. Following that globally successful release, electric vehicles have come a long way with even more promises for the EV industry.
This post will highlight some critical technologies that are expected to accelerate the growth of electric vehicles.
How far has the EV Market grown?
According to the International Energy Agency, over 10 million electric vehicles were being used in 2020, with stable government support and increased consumer spending. The administration of Joe Biden plans to invest $5 billion to build EV charging stations around the U.S.
Here are some EV market trends that have increased thanks to technological advancements.
- Reduced costs of EV batteries thanks to mass production and technological improvements.
- More charging stations on the roads to accommodate more EVs, as well as the implementation of standard charging infrastructure with universal charging capacities, which is set to drive global EV penetration.
- Support by the U.S. federal government in the form of encouragement to consumers to think about buying EVs to improve transportation and reduce carbon emissions.
Electric vehicles will certainly become a strong pillar in the automotive industry, even as many manufacturers are trying to push the maximum range of EV vehicles from over 400 miles to something far higher.
Tesla shows an example of EVs that showcase a lot of innovative technologies, including autopilot, braking, acceleration, and steering features.
But the big question is what new technology will transform the EV industry?
Say hello to a new technology that will likely transform the EV Industry in 2022
EV manufacturers are constantly seeking ways to overcome the problems facing their vehicles and deliver better experiences at every turn. Driven by that desire, here are some recent EV technologies with a likelihood of impacting the industry positively.
This bi-directional charging is positively different from traditional one-way charging because it supports the flow of energy in several ways.
First from the grid to the car, then from the vehicle to the gird, and also from the EV to your home.
Improvements in this area of bidirectional EV charging make it more promising for EV owners because it is energy efficient, more affordable, and also smaller, which means that homeowners can use it for different purposes.
The producer of smart EV charging and energy management products, Wallbox has debuted a bidirectional charger for homes. The remarkable product won four awards at the 2020 Consumer Electronics Show.
As technological advancements continue, Mullen Automobile has entered a partnership with industry-leading NexTech Batteries to develop Lithium-Sulfur batteries for all its electric vehicles, especially the FIVE.
The company believes that the partnership will bring the next generation of electric battery technology to the market, alongside its first EV, the Mullen FIVE.
Mullen FIVE vehicles equipped with Lithium-Sulfur batteries will deliver more efficiency, lighter weight, and improved range compared to other EVs.
Lithium-Sulfur batteries are a sharp improvement compared to the Lithium-Ion batteries in the industry, especially in areas of cost-friendliness and weight.