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Technology Stocks : Investing in Exponential Growth
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From: Paul H. Christiansen1/16/2017 9:19:32 AM
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How Electric Vehicles Could End Car Ownership as We Know It

If I say “personal electric vehicle,” you might think “Paul Blart: Mall Cop,” or maybe “exploding hoverboards.” You don’t think global transportation revolution.

But in the past few years, with the convergence of better battery technology, lighter materials and smaller, more powerful electric motors, entirely new kinds of transportation have bloomed. The electric powertrain, unlike that of the internal combustion engine, scales smoothly from tiny to huge, powering everything from 10-pound electric skateboards to 20-ton electric buses.

This Cambrian explosion of new vehicles enables two other revolutions: self-driving technology, and the shift from vehicle ownership to transportation as a service.

Taken together, these forces have the potential to transform our way of life as much as Ford Motor Co.’s Model T did over a century ago. As the convenience and safety of electric, autonomous ride-hailing services appeals increasingly to the masses, the nature of network optimization means it will probably make sense for the Ubers and Lyfts of the world to cater to our needs with everything from a one-seater to a party barge. It may also mean you’ll use your garage for something other than a car.

wsj.com
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