When two or more technologies compete, society wins. Everyone assumes that the best technologies will emerge, but it’s rarely that simple. In many cases, the most cost-effective and market-appropriate technologies will claim the largest segments of a given market, whereas other technologies will occupy smaller niches, and others may not survive. Also, technologies may merge and create hybrid solutions in order to effectively address complex markets or market segments.
I currently believe all of the above is the case for the overall electric vehicle (EV) market. Here we will look at a market that includes ALL significant electric vehicle segments in this two-part series, including the following:
- Road-going vehicles - Part 2
- Off-road vehicles (construction and agricultural) – Part 1
- On-track vehicles – Part 1
- Flying vehicles – Part 2
- Marine vehicles – Part 1
In this series we will address storage technology for electric vehicles, and how I believe that competing technologies will shake out in the next decade or two. Our overall goal is to greatly reduce greenhouse gas (GHG) emissions from the mobility sector.