12,000 electric vehicles were sold in 2012. An estimated 3.8 million will be sold yearly by 2020. Around half the cost of a new electric vehicle comes from the expense of the battery; what if that cost were out of the consumer’s hand?
An average electric vehicle can travel 100-150 kilometres between lengthy recharging cycles. To many, this represents a considerable hurdle to purchasing an electric vehicle. What if the resale value of consumer electric cars were no longer affected by the age of the battery? Lithium-ion batteries are quickly becoming the dominant battery technology for electric vehicles, but they have one significant drawback: degradation over time. Battery Fueling technology addresses this by taking ownership of the battery out of the hands of the consumer, thereby eliminating two of the greatest hurdles to electric car ownership: concerns over resale value and range anxiety.
Range anxiety is a big hurdle for many people considering an electric car – so much so that some auto manufacturers may include the use of a gasoline-powered vehicle with the purchase of an electric one. Clearly, a more sustainable solution is needed.
In 2012 alone United States refineries sold 356,727,700 barrels of gasoline to retail distributors. As electric become universal, who will fill the roadside refueling gap?
