This Israeli company is building a road that charges electric vehicles in Detroit

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Later this year, Israeli company Electreon and Michigan will unveil a 1-mile stretch of road in Detroit that will allow drivers to charge EVs on the go.

Wireless electric road charging has long been hailed as a potential holy grail for widespread electric vehicle adoption.

Electreon’s technology, known as dynamic charging, works similarly to the wireless pads that charge your smartphone. It embeds copper coils that are connected directly to the power grid into the pavement. Vehicles are equipped with receiver plates installed under the car orIt’s all operated remotely through Electreon’s software and servers. That means Electreon can dial down the charge when the power grid is stretched and dial up the power when there's more capacity.

Another factor is that roughly 30% of chargers aren’t working at any given moment, according to Akshay Singh, industrial and automotive principal at PwC. PwC estimates the EV charging market would need to grow five-fold to $40 billion in order to meet the demand that would come with 50% adoption in the US.Dynamic charging technology has already been deployed in nearly half a dozen countries. Sweden has led the way, with public buses and trucks already charging on the go along a short stretch of highway on the island of Gotland.

 

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New vehicles from Detroit's automakers are planned in contracts that ended UAW strikesThe Westlake-based company had 35,900 employees at the end of September, per its latest quarterly report. This week's cuts could impact roughly 2,000 employees.
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