- EVs have been around for more than a century and once commanded almost half the U.S. auto market; a rise to the top is in the works today
- Hillcrest Energy is pioneering work in next-generation power inverters that are instrumental in EV operations and performance
- Hillcrest’s inverters are a leap forward in EV tech, reducing the overall size, weight, and cost while improving power quality, material elimination of switching losses, and a reduction in electromagnetic compatibility issues
The history of electric vehicles (“EVs”) in the United States dates to 1891, when William Morrison built a six-passenger wagon widely recognized as the first practical example of an all-electric car. In these early days of motorized transportation, EVs were bona fide competition to gasoline-powered cars, with EVs comprising about 40 percent of the U.S. market. Ultimately their slow speeds, high cost and limited range led to their demise as consumers opted for internal combustion engines (“ICE”) to traverse the nation’s expanding roadways. Now the world is preparing for EVs to become the dominant mode of transport as countries worldwide look to banish pollutive ICE vehicles forever, and with innovative technology from companies like Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF), the next generation of EVs are going to be more efficient than ever before.
The fact is that work in the EV space has never gone away, with interest in electric cars waxing and waning throughout the 20th century, although efficiency and costs remained a persistent challenge. It wasn’t until Tesla (NASDAQ: TSLA) came out with its Roadster in 2008 that the market really started turning the…
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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