More than a decade after the first modern electric vehicle (“EV”) hit the roads, the biggest issues facing the nascent EV sector are still insufficient public charging infrastructure and range anxiety. Compared to the ease and speed of refilling a gas-powered vehicle, charging EVs can be quite a hassle, and vehicles outside the Tesla ecosystem barely have a fast-charging infrastructure that can recharge an EV in less than an hour. As such, battery and automakers have been working on innovations designed to ease electric vehicle charging, especially during long trips, and boost the adoption of zero-emission EVs.
Wireless charging is one such solution. By eliminating the need for bulky equipment and feet of thick wires, wireless chargers can be installed in locations that are virtually inaccessible to traditional EV chargers. One of the most unique applications of wireless charging technology involves embedding chargers in roads and highways, which in turn can charge vehicles as they drive. Authorities as well as industry players across the country have expressed interest in wireless charging as a solution to the range anxiety and charging infrastructure problem.
According to experts, electrified roads will be immensely helpful in addressing several issues that currently plague the nascent EV space, including availability of public charging stations, battery range and the time required to recharge an EV. By charging their EVs while they drive, EV owners will not have to worry about how long their battery will last and whether or not they can find a free charger while on the road. Furthermore, they do not have to hang around a charging station for extended periods as they wait for their EVs to charge, especially since there is currently a limited supply of fast chargers.
The Indiana state department recently announced that the Department of Transport (“INDOT”) had partnered with Purdue University to create the first contactless charging highway in the entire world. The collaboration will leverage wireless charging technology that was developed by German startup Magment GmBH and uses magnetizable concrete to wirelessly deliver power to a passing EV’s battery. INDOT Commissioner Joe McGuiness says that demand for “reliable and convenient” charging infrastructure has grown as more people purchase electric vehicles, and this has forced industry players to innovate.
Michigan also has plans to build an electrified road. Governor Gretchen Whitmer recently announced that Michigan will build a mile-long road to charge moving electric vehicles through the Inductive Vehicle Charging Pilot, a partnership between the state Office of Future Mobility and Electrification and the Michigan Department of Transport.
As charging facilities become more readily available, the work of companies such as DSG Global Inc. (OTCQB: DSGT) engaged in distributorship of EVs will be a whole lot easier since the buying public will have fewer stumbling blocks.
NOTE TO INVESTORS: The latest news and updates relating to DSG Global Inc. (OTCQB: DSGT) are available in the company’s newsroom at https://ibn.fm/DSGT
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