I was catching up with a friend. He’s been working in Detroit in the automobile industry for the past 15 years.
I asked him about his views on how the Electric Vehicle revolution is unfolding.
Picked up some interesting facts and insights.
Logging it in this thread.
I asked him about his views on how the Electric Vehicle revolution is unfolding.
Picked up some interesting facts and insights.
Logging it in this thread.
IC engine is a technological marvel. It's the outcome of countless hours of tinkering by smart engineers over the past century.
A handful of companies have mastered this technology. This entry barrier has been the source of their competitive advantage.
A handful of companies have mastered this technology. This entry barrier has been the source of their competitive advantage.
EV isn't disrupting the automobile. The victim is the IC engine.
With EV, an Automobile is now more about chemical engineering (battery) and less about mechanical engineering.
With EV, an Automobile is now more about chemical engineering (battery) and less about mechanical engineering.
Not all the OEMs who supply to car companies, will be affected. Rest of the parts, except the engine, will still be there in EV.
In fact, EV means more business for OEMs who supply the bells and whistles.
In fact, EV means more business for OEMs who supply the bells and whistles.
Departure of IC engine lowers the entry barrier.
Dyson — the makers of the world’s best vacuum cleaners — is entering the EV business. Why?
Because they’re experts in something which is the heart of EV — high speed electric motor.
Even Sony —
Dyson — the makers of the world’s best vacuum cleaners — is entering the EV business. Why?
Because they’re experts in something which is the heart of EV — high speed electric motor.
Even Sony —
In the US, during mid 19th century, the invention of steam engine lead to the railroad bubble. At one time, there were 350 railroad companies.
Almost all of them perished.
In the early 20th century, automobile bubble gave birth to 2000 car companies in US.
Only 3 survived.
Almost all of them perished.
In the early 20th century, automobile bubble gave birth to 2000 car companies in US.
Only 3 survived.
Range Anxiety (the apprehension about limited range) is one big hurdle to quick adoption of EV.
In the new EV hybrids will still have an IC engine, not meant to power the wheels directly. It will act as backup for charging the battery.
In the new EV hybrids will still have an IC engine, not meant to power the wheels directly. It will act as backup for charging the battery.
Counterintuitively, such hybrid options aren't expensive.
In fact, when IC engine runs only to charge the car battery, its operational efficiency is way more higher than conventional automobiles.
In fact, when IC engine runs only to charge the car battery, its operational efficiency is way more higher than conventional automobiles.
History, they say, may not repeat itself but it rhymes.
With low entry barriers, EV is the new honey pot.
Will there be an EV bubble, followed by consolidation?
With low entry barriers, EV is the new honey pot.
Will there be an EV bubble, followed by consolidation?
