No doubt Musk is a visionary and has vast experience in the EV and other emerging and exciting markets. But somehow I can't connect that statement with any hard facts or imminent technology shift that's going to help the industry reach those goals. To me, it seems more likely to reflect the passion and commitment he has to helping the industry (more likely Tesla) achieve its aggressive vision.
Most big-picture, forward thinking innovators use equally bold prognostications when they're developing a new market. I remember Bill Gates claiming to put a PC on every desktop (people thought he was crazy) and Jobs making similar sweeping statements. It took some time, but with their dogged determination and capacity for innovation, look what happened. It could be Musk is charting a similar course.
Lithium-ion battery prices will drop rapidly over the next 10 years, setting the stage for plug-in vehicles to reach 5%-10% of total automotive sales by the mid- to late-2020s, according to a new study.
Advanced driver-assist systems (ADAS) are poised to become a $102 billion market by 2030, but just a sliver of that technology will be applied to cars that can be fully autonomous in all conditions, according to a new study.
Using a headset and a giant ultra-high definition display, Ford Motor Co. last week provided a glimpse of how virtual reality enabled its engineers to collaborate across continents on the design of its new GT supercar.
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