EV Market is over its Tipping Point


Posted August 11, 2017 by verdek

This week Tesla delivered the first 30 Model 3 to some of its employees. Production will ramp up in the next months and it is expected to reach 5,000 units per week. With over 400,000 bookings Model 3 is already the star of the EV world.

 
Will Model 3 disrupts the Automotive Market just like Model T did 110 years ago?

Madison, CT - On October 1, 1908, Ford completed the first Model T Ford in Detroit. Between 1908 and 1927, Ford would build some 15 million Model T cars. It was the longest production run of any automobile model in history until Volkswagen launched the Beetle it in 1972.

This week Tesla delivered the first 30 Model 3 to some of its employees. Production will ramp up in the next months and it is expected to reach 5,000 units per week. With over 400,000 bookings Model 3 is already the star of the EV world. We do not know if it will reach the sales of Model T but the start is very promising.

The DieselGateis influencing consumers around to world and moving the focus toward low emissions or no emission vehicles. Sales of diesel cars in Europe have dropped 19% this year. Great Britain has banned the use of vehicle with combustion engines after 2040.

Volvo announced that it will convert its fleet to electric from 2019


We think the EV market has reached and gone over its tipping point and we expect a major acceleration during the year 2018 and 2019 once Tesla will be on itsway to deliver its bookings of the Model 3 and all other car manufacturers will launch their EV lines.

Another revolution is under way in the charging infrastructure. With the larger battery packs we now have EVs with ranges from 238 of the Bolt to 310 of the Model 3. With the current Level 2 EV charging stations we can expect 8-10 hours for a full charge. Even with a fast charger of the current production it will take 60-90 minutes for a full charge.

EV charging manufacturers have been working on solutions that combine much more powerful chargers and energy storage. They are moving from the 50KW of power to 350-400KW. Furthermore, they are working at energy storage solutions to reduce the major impact on the electric grid with these high levels of power.

EV charging companies are working toward solutions that will allow the recharging of an electric vehicle with times comparable to the refueling of a gas car.

The major drivers behind the EV world are converting the transportation industry to zero emission with products that attract the mass market with design and performance comparable or in some cases better than the classic combustion engines.

Verdek is a leader in the EV charging infrastructure; its solutions are the best in the industry. Verdek was founded 10 years ago to promote sustainable transportation and now it continues spreading its message across North America.

For more details contact us at (203) 421-6477

About Verdek LLC: Verdek, founded by Guy Mannino, former CEO of Pirelli Tire North America, is a leading sustainable transportation solutions provider, offering the best options for home and public EV charging stations, CNG and LNG fueling solutions for fleets and industry. Exceeding consumer expectations is Verdek’s primary goal which at the core includes providing the best solution for each client's specific requirements. Verdek has earned a reputation for being a sustainable transportation technology and industry expert company that is highly motivated and is continuously pursuing advancing technologies that help meet the cost and sustainability objectives of all their clients.
www.verdek.com
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Issued By Verdek
Website Verdek LLC
Phone +1 706-409-3995
Business Address 123 Rolling Meadow Road
Country United States
Categories Business , Electronics , Engineering
Tags car charging , chargepoint stations , cng fuel stations , dc fast charger , ev charging , ev charging stations , level 3 charging , lng mini plant
Last Updated August 11, 2017