Electric 2.0

Over the last decade the acceptance of electric vehicles and solar power has gone from scepticism to approval by the consumer.  In part this has been due to the vision of Elon Musk and Tesla.  10 years ago Elon detailed his initial plan and last month he announced his updated Part Deux.  The original plan consisted of creating a low volume car which would necessarily be expensive, use that money to develop a medium volume car at a lower price and then using that money to create an affordable high volume car whilst providing Solar power (this has been evidenced by the evolution through the Roadster, Model S, Model X and the forthcoming Model 3).   The plan now is to create stunning solar roofs with seamlessly integrated battery storage, expand the electric vehicle product line to address all major segments which will include a future compact SUV and pickup truck, develop a self-driving capability that is 10X safer than manual via massive fleet learning and enable your car to make money for you when you aren’t using it through the sharing economy.  Interestingly this next plan does not seem that unachievable and as the rest of the world wakes up to the global acceptance of electric cars will it actually take 10 years to come to fruition? In the last month alone Mercedes-Benz has unveiled the world’s first all-electric big rig truck prototype, Solar Impulse 2 completed its epic round-the-world journey, powered only by the sun’s energy, luxury carmaker Porsche says it is creating 1,400 jobs to develop its electric car – the Mission E and Tesla and Solar City agreed to a $2.6 billion merger.  These announcements will incrementally improve the whole adoption of electric vehicles and in tandem disruptive advances in battery technology are been seem using Graphene over lithium-based batteries where charge time is being reduced to just seconds compared to the minutes or hours.  These innovations have the power to change a number of supply chains over the next decade which will not only transform the way we live our lives but disrupt numerous Business lines so is it time for everyone to draw up their 10 year plans in response to this exciting period of change.




Author: Steve Wakefield

Steve Wakefield is an experienced Innovator presently based in London.

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