The Expert Podcast

So here is quite an update in the electric vehicle technology industry. Samsung has announced they have created an electric vehicle battery that has a 600-mile range. Now, that's farther range than a lot of gasoline cars have. You can charge it in 9 minutes; that's about the same as it takes to fill up a tank with gas, and it lasts 20 years longer than most cars. If they can produce this battery, that could be a game changer for electric vehicles being adopted by the public.

Now, it doesn't change the fact that you still have to find a place to plug it in. If there are not enough charging stations out there, it's still going to be an obstacle. But at least your car will go 600 miles. That's a day's worth of driving if you drive 10 hours at 60 miles an hour; that's 600 miles, right? And plugging it in and charging it in 9 minutes—that's genius.

If this can be developed and deployed on a widespread basis, this could change the way people look at electric vehicles. Now granted, you still might not agree with them; you still might not like them. But if you could have a vehicle that was more efficient and more convenient than a gasoline vehicle, who knows? More people might buy them, even people that previously did not like the idea of an electric vehicle because it could be cheaper.

You don't have to stop for gas; you can charge it at home. You know, you never have to stop at a gas station if every night you plug it in. Next morning, it's ready to go. It saves you two or three stops per week at a gas station. Even if you have to pay your electric bills a little more, it might be less than the gas bill.

So it'll be interesting to see how this rolls out. This was just announced this week, or actually this month. So we'll see if it's a real thing or just something that's hype.

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