Innovation in Electric Vehicles
This LexisNexis® Cipher report reviews innovation in Electric Vehicles and the top innovators trying to solve range anxiety.
It’s becoming clear the future of the car is electric. Yet despite an almost continuous flow of media articles announcing new models and promises to phase out all new petrol vehicles, less than 1% of all cars on the road are purely electric.
Why then, in a world fully embracing technology in other aspects of life, has it taken more than two decades to reach just 1% market share?
The answer lies in infrastructure. Questions like ‘What happens if I run out of battery?’ and ‘How long is it going to take to charge?’ are pertinent questions for potential buyers.
Our data analysis explores the pace and scale of innovation and looks through a patent lens on the key players breaking new ground in this field.
What the report covers
- Automotive players such as Toyota, Kia and Hyundai dominate the battery technology landscape, helping to ensure fast and reliable charging options.
- Induction charging technologies remain prohibitively expensive despite capability to change the way we charge.
- Company to watch, WiTricity, secure additional $52 million in funding as their Induction Car Charging technology is used by key suppliers in the automotive industry.
Questions answered by the report
- How are top innovators reducing consumer anxiety to switch to electric vehicles?
- Which companies are prioritising investment into EV technology to help us achieve a sustainable future?
- What can the patent landscape tell us about future activity in this space?
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