MALVERN, Pa.–(BUSINESS WIRE)—Momentum Dynamics Corporation’s CEO, Andy Daga, released several bold statements about the future of electric vehicles, and the commercialization of wireless power for recharging these vehicles. Mr. Daga was a keynote speaker at the Institute of Electrical and Electronics Engineers (IEEE)- Power Electronics Society (PELS) Conference in Daejeon, Republic of Korea. Momentum Dynamics is a leading supplier of high-power wireless chargers for electric vehicles.
In his remarks at the Korean Advanced Institute for Science and Technology (KAIST), Daga said the key to advancing the rate of adoption of electric vehicles (EVs) is linked to the way they are charged. All EVs must be connected to the power grid, and according to Daga, “the impact of wireless charging is to fully automate the charging experience and relegate it to an unnoticed background function. This will make the experience of ‘fueling’ far better than pumping gasoline into a conventional gasoline vehicle.” He went on to say, “the most important benefit will be EV driving range extension. This is because automatic operation enables more frequent charging, and more frequent charging is the best way to increase driving range.”
Range anxiety is widely recognized as the most important impediment to EV sales. If this problem can be overcome, EVs are poised to capture a significant fraction of worldwide automobile production in the coming years. Citing a recent in-depth analysis by Goldman Sachs, this number could exceed to 25% of the projected 120 million vehicles to be sold in 2025.
Daga said the scale of this market is so large that the way people charge vehicles in the future needs to be fast and automatic, and cannot be accomplished in residential garages. “There isn’t enough power available on residential streets, and the fact is, most people do not have a garage.” Daga showed data that point to increasingly stringent anti-pollution mandates correlated to the three fastest growing automotive markets – China, North America, and Western Europe. “The concurrence of mandates and regional market growth make it clear that EV sales will increase, but we must recognize the corresponding need for rapid automatic charging with a ubiquitous network of chargers.”
Daga believes that 25 kW (or 25,000 watts) wireless chargers will be the norm for all EVs within 5 years, with commercialization beginning in 2016.
The 2016 IEEE PELS Conference will be hosted by Oak Ridge National Laboratory in Knoxville, Tennessee, July 22-24.
About Momentum Dynamics Corporation:
Momentum Dynamics is an advanced electronics company specialized in high-power wireless charging using resonant magnetic induction to transfer tens of thousands of watts of power without a direct conductive connection. The company is composed of experienced business executives and former U.S. Defense and space technology engineers. momentumdynamics.com