My understanding is the electric vehicles are not so pollution-free if electricity for them does not come from renewable energy like in Norway for example.
If the electricity is produced with coal, your electric vehicle does nothing for the environment. If it is produced with gas like in Israel – it is already much better. The best is renewable energy, which is the cleanest. Many countries are moving towards it and targeting 30% of the electricity to be produced with renewable energy. On our side, as manufacturers, we really want to be green, so for achieving that we invest in outstanding batteries. Unlike cheap Chinese batteries that last for 6 months, ours last for much longer and you can ride up to 100K kilometers on the same battery. After that, we recycle the batteries ourselves to make sure we do not pollute the environment. Now, we also invested in swappable batteries, as there is a lack of charging infrastructure all over the world. What is the hardest challenge your company is tackling now?
It's technology. I'm promising to have something new every 6 months to our customers as the market is evolving. But launching new products into mass production isn't easy. For example, we're releasing our new battery with different chemistry that allows to increase the energy density, prolong the battery life and make the units lighter – our old ones were about 40 kg and the new ones are just 7 kg. Plus, they charge faster.
We are always outpacing ourselves and working around the clock to make sure we're at the forefront of the technology wave. Imagine 2024: you are in the middle of a city, looking around. What do you see?
I am convinced we will have more and more electric vehicles on the roads. Within cities, you will no longer see people driving private cars, only shared vehicles will be allowed. Also, there won't be any delivery trucks in urban areas, they will park outside of the city and delivery within the city limits will be done by dedicated last mile delivery vehicles. These vehicles are BLITZ