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a16z Podcast

The Electrification of Everything: From Sky to Sea

a16z Podcast

a16z

Science, Innovation, Business, Entrepreneurship, Culture, Disruption, Software Eating The World, Technology

4.41.1K Ratings

🗓️ 9 June 2023

⏱️ 60 minutes

🧾️ Download transcript

Summary

Demand for electric cars is booming. More than 10 million electric cars were sold worldwide in 2022, and consumer behavior is changing as more people embrace alternative and sustainable modes of mobility. While the electrification movement is a critical element of climate action, it also presents new challenges - from the sky to the sea. In this episode, industry experts Gregory Davis, CEO of Eviation Planes, Mitch Lee, co-founder and CEO of Arc Boats, and Duncan McIntyre, founder and CEO of Highland Electric Fleets, dive into how the electrification movement is shaping the future of transport and technology.

Transcript

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0:00.0

There's a multi-billion dollar business for backup generators for people's house that we want to go tackle by giving you a boat that you can use to back up your house.

0:10.0

About half of our projects today are backflowing power from our fleet of batteries to the grid when the grid needs the power the most

0:17.8

These are boats that are stuck in the 1980s technology. They're basically like oversized gas

0:23.0

lawnmowers. I think what's going to happen is that the new

0:25.6

technologies that we're bringing and our new products are actually going to

0:29.2

garner the attention of the forward-looking supply chain. Our vision is tackling air quality at the local level,

0:36.0

tackling climate change at the same time,

0:38.0

creating a very clean, quiet, urban future.

0:42.0

In the near future, you're going to be able to take it to quiet urban future. future.

0:43.0

In the near future you're going to be able to take a 10 minute trip to your nearest airport,

0:47.0

get on an airplane, and fly for an hour to do a day trip that previously would have been an overnight trip were a trip to near

0:53.2

for a half an hour 45 minutes away. What we're doing today was not possible five

0:57.5

years ago, but what we're doing today is also such a better product experience compared to what exists today in the market.

1:04.8

I firmly believe in the next 10 to 15 years we will all be flying regularly on electric

1:11.2

ear plates. The first electric cars can be traced back to as early as the 1830s.

1:19.0

And flash forward to 1900, and astonishingly, electric cars make up about a third of the cars on the road.

1:26.9

But electric vehicles that were once leaders of innovation became a faint echo of the past,

1:35.8

overshadowed by their gas-guzzling competitors. But what caused this radical shift?

1:38.1

What happened between then and today that caused the electric car to lose its charge.

1:43.2

How did the electric vehicle go from a third of the market

1:46.7

to a fraction of a percent a century later?

1:50.0

Luckily, electric vehicles are making a triumphant comeback due to decades of innovation.

...

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