- Adoption of zero-emission vehicles accelerated across almost all markets and vehicle segments in 2022 and will continue on the back of increasing government regulation and incentives
- Power inverters, irreplaceable power conversion tech, has received a meaningful upgrade with Hillcrest’s ZVS inverter technology that improves operating power and efficiency
- Hillcrest anticipates commitments for commercial revenue this year from its inverter as it expands into multiple other areas where the technology is highly applicable
New technologies are always accompanied by unforeseen challenges, especially for the EV space as it is becoming more and more pronounced. There was a time when people thought the idea of a horseless carriage moving around was impossible. Ironically, electric vehicles came about before those powered by gasoline. At the time, gasoline was cleaner and more reliable, so electrics disappeared from the market. With the outset of the new electric vehicle revolution, questions have abounded about a slew of topics, such as safety, range anxiety, and charging infrastructure. Experts are still trying to square circles regarding who will pay for electric grid upgrades, while others like Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) emerge on the scene with innovations tackling heat and power issues that sap efficiency from EVs.
Whether or not the world reaches its net-zero-emission targets for vehicles in the next dozen years or not is up for debate, but there is no doubt that the day of electrification is upon us. According to strategic research provider BloombergNEF, adoption of ZEVs (zero-emission vehicles) accelerated across…
NOTE TO INVESTORS: The latest news and updates relating to HLRTF are available in the company’s newsroom at https://ibn.fm/HLRTF
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