Posted on October 26, 2018, 9:11 am By Ethan Elkind
Some heartening recent progress on the EV front, first on consumer demand and automaker supply and second on fast-charging technology:
- Tesla reported Model 3 third quarter sales of 56,000. They averaged production of 4,300 Model 3s a week, and in the final week of the quarter the company produced 5,300. Perhaps more significantly, the Model 3 had the highest revenue of any car model in the United States, beating out the Toyota Camry and the Honda Accord, which ranked it fifth among all car models sold.
- Major battery maker LG Chem just announced an investment in Enevate, a company that is developing a lithium-ion battery charging technology that could allow EVs to charge at close to the speed of filling up a gas tank. Batteries can get up to 75 percent of their full capacity in just five minutes. With a 200+ mile battery, that means drivers can get 150 miles range in a few minutes.
With lots of gloomy environmental policy news out there, it’s nice to see progress continuing on this crucial clean technology.
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