EVs are great, but one very common criticism of them is that they’re expensive. This problem has gotten a lot better over the last few years, but the cheapest new EVs are still around $25,000. In wealthy countries, that’s cheap enough to be considered affordable in 2023, but we have to remember that not all countries are wealthy.
For various reasons, most of this area was impoverished for the 20th Century, and much of it still is. That time period covers nearly all of motor vehicle sales history, so the fact that a Chinese bicycle is the #1 selling vehicle ever seems a lot less unreal. “Megacities like Jakarta, Bangkok and Dhaka have a population density that is incomparable to anything that’s been seen before. While these offer huge technology and business potential, there’s an equally important opportunity for economic and social development by providing affordable, zero-emission mobility. Helixx was born out of a clear need to provide a holistic solution,” said Steve Pegg, Helixx CEO and Co-Founder.
Urbanization is rapidly increasing across the globe, with a projected two-thirds of the world’s population expected to reside in urban centers by 2050, resulting in 6.6 billion people. The majority of these will live in developing countries, with a forecasted 43 megacities with over 10 million inhabitants by 2030. Unfortunately, many citizens in these regions are presently forced to rely on small, highly polluting vehicles for public transportation and commerce.
Well done.
Sounds oddly familiar. arrival had similarly lofty goals & promises, yet completely failed to execute. As Elon Musk has rightly said, “prototypes are easy, production is hard.”
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