Overview
Over the next 15 years continuing growth of urbanisation & sprawl will increase the demand for individual mobility & the increase of traffic density will produce many adverse impacts that have direct effects on the quality of life for people living in cities. To lead Europe into a sustainable & competitive future, novel innovations are essential to increase transport efficiency. Vehicle electrification & autonomous driving are two promising new technologies that have disruptive potential for individual mobility whilst giving support “Towards an energy-efficient, decarbonised transport sector”. Sales of Electric Vehicles (EV) tend to be met with high resistance primarily due to range anxiety (max. 100-400 km), variable power costs & long refuelling times (5-8 hours to charge) thus slowing down leadership in electro-mobility. Though these arguments may be valid now, future batteries and charging stations (CS) will reduce these disadvantages. The EV market is projected to grow at a CAGR of 29% & 20 million EVs are going to be on the road by 2022. In 2010, public charging points for EVs were few. Today, there are 112,500 public or semi-public charging points in Europe and is expected to surge at CAGR of 29.8% and reach €10.8Bn global market by 2022.
As EV’s become more autonomous there will be greater importance on automated charging. With Matrix Charging® we will have the potential to revolutionize automated EV charging by being the world’s first fully automated conductive charging technology that has no moving parts outside the vehicle. The key innovation is delivering the solution with 99% transmission efficiency, at 30% lower cost than nearest competitor and a 6-fold higher performance with 9% additional efficiency, as we validated with BMW. With a phase 2 cost of €2.9M in early Q2 2018 Matrix Charging® forecasts a €24M gross profit in Yr5 (€44M gross profit Yr1 to Yr5 inclusive period), with a return on investment (ROI) is a very attractive 920% (9.2).