Reported 12 months ago
Despite General Motors (GM) and Ford (F) scaling back their electric vehicle production plans due to weaker demand, Sila CEO Gene Berdichevsky believes that despite the current slowdown in adoption, EVs are the future of the industry as consumers desire longer range and faster recharge times. Berdichevsky compares the situation to the evolution of the iPhone, where better EV technology in the future will reignite growth. Sila, a battery manufacturer, aims to improve EV battery safety, charging performance, and lifecycle, providing a 20-25% range boost and faster recharge times, though current costs are still a concern.
Source: YAHOO