The 12 million mile battery is an exciting new battery technology that could transform the electric vehicle industry. As an investor, understanding this potentially disruptive technology and how to invest in it is important. This article will provide key insights into the 12 million mile battery, its developer Trevor Milton, the companies involved, and tips for investors considering putting money into this battery technology.
The 12 million mile battery explained – A breakthrough in EV battery durability
The 12 million mile battery, as its name suggests, is designed to last for over 12 million miles or 2 million kilometers in an electric vehicle. This is a huge leap forward compared to most lithium-ion batteries today that degrade significantly after 300,000-500,000 miles. By using nanotechnology and innovations in battery chemistry, the 12 million mile battery aims to solve the problem of EV battery degradation, which can be costly to replace. If proven durable in real-world conditions, a 12 million mile battery could make electric vehicles more affordable long-term by reducing the need for battery replacements.
Nikola Motor and Trevor Milton’s plans to commercialize the technology
The 12 million mile battery was conceived and designed by Trevor Milton, founder of Nikola Motor. Milton has claimed Nikola will be the first company to bring this battery to market in electric trucks. However, the company’s planned Badger pickup truck featuring the battery has recently been canceled. Nonetheless, Nikola Motor continues to aim to test prototype batteries within the next year and potentially incorporate the tech into its upcoming Nikola Two and Nikola Tre semi trucks if further development goes smoothly.
Other companies exploring similar long-life battery innovations
While Nikola’s efforts are pioneering, other companies like Tesla and Toyota are also researching and developing batteries with 1 million+ mile lifespans using new battery materials and chemistries. So while Nikola aims to be first, they will likely face competition from major players once the technology is proven. For this reason, investors should watch for developments from Tesla and others in long-life batteries along with Nikola.
Investing in potential battery breakthroughs – Advice for investors
As with any emerging and potentially disruptive technology, investing in the 12 million mile battery does come with risks if development hits obstacles. However, batteries with greatly extended lifespans would be game-changing for EVs. Savvy investors may want to consider moderate positions in Nikola stock as well as related holdings like raw battery materials companies. Maintaining a diverse investment portfolio is also wise rather than overexposing oneself to a single stock. In conclusion, investors who are comfortable with higher risk could benefit from investing judiciously in batteries that can enable longer-range, more affordable EVs.
The 12 million mile battery has major implications for electric vehicle costs, ranges, and more. Nikola Motor aims to commercialize the technology shortly but faces competition from others. Investors should track development progress closely and may consider moderate investments in Nikola and related holdings.