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Companies that can financially sustain themselves through the EV ramp will succeed in the long run, assuming that they have the technology and autoindustry credibility. “In the near-term, we expect to see some consolidation in the batteryindustry, with a few leaders taking the lead.
These machines make local transportation safe and sustainable with batterypower and low speeds. The batteries mean they have zero emissions and are better for the environment than gas-powered cars or golf carts. The original GEM had lead acid batteries boasting only 48 volts.
By reducing wind resistance and weight, the company’s engineers effectively are reducing the amount of work an electric engine will have to perform to get the car up to driving speeds, which in turn conserves batterypower.&#. The car will go 30 miles on batteries before the gas engine kicks in and be street-legal.
I thought then, and still do today, that a combination of battery-powered vehicles, with the ethical sourcing of raw battery materials, battery recycling, and renewable electricity production to power electric vehicles, is the only solution to making the transportation sector long-term sustainable while decarbonizing it.
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