- The IEA sees EV sales hitting a record in 2022 after doubling in 2021 from 2020, while noting the lack of charging infrastructure as an obstacle for adoption
- Hillcrest Energy has developed a new class of inverters that convert DC output from batteries into AC input used by motors in EVs
- Hillcrest filed a patent application for new tech that eliminates the need for EVs to require and onboard charger, allowing for faster, anywhere charging
During an interview last week with CNBC’s Jim Cramer, Mercedes-Benz CEO Ola Kallenius said he is seeing the market for luxury vehicles progressively turning towards electric vehicles. The Daimler unit has a corporate goal to have an EV version of every model it makes by 2025 and to be all-electric where possible by the end of the decade. The global transition to phase out internal combustion engines is wonderful for Mother Earth, but it is accompanied by a litany of challenges, including a charging conundrum related to strain on an aging and already overworked electricity grid. The good news is that thanks to companies like Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF), new technology is becoming available as a solution applicable to EVs and other emerging green energy products.
According to the International Energy Agency, EV sales are tracking to hit a record high in 2022 after sales doubled in 2021 from 2020. In its Tracking Clean Energy Progress update, the IEA forecast EV sales to comprise 13% of total light duty vehicle sales globally this year. The agency notes that one hang up in…
NOTE TO INVESTORS: The latest news and updates relating to HLRTF are available in the company’s newsroom at https://ibn.fm/HLRTF
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