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The used car market is more than twice the size of the new car market, and EVs are fast becoming a part of it. The battery is a significant component of an EV, because the cost of replacing it can exceed the value of the used car itself. "It's similar to how everyone in the used car ecosystem needs to know the odometer of a used combustion engine car," Case said. As the used EV market grows, this technology, which so far has no U.S. competition, is attractive to investors. In addition to Wireframe Ventures, Recurrent is backed by ArcTern Ventures, Powerhouse Ventures and EnerTech Capital.
Persons: Scott Case, Paul Straub, Case Organizations: Consumers, CNBC, EV, Wireframe Ventures, ArcTern Ventures, Powerhouse Ventures, EnerTech Locations: Seattle
One major component of that, however, is not very smart at all: the electric panel. The Span panel is capable of measuring every circuit in your home and giving you, as the homeowner, control over the dials. "The Span panel is increasingly becoming a default solution when paired with resiliency products." Buyers of the Span panel are eligible for tax incentives that apply to both the product and its installation. Some homebuilders are adopting the Span panel because it reduces the costs for new builds.
One option is called vehicle-to-grid charging, V2G, which is where an electric vehicle acts like a large-scale battery back-up. So an electric school bus with an energy-dense battery can fuel the grid, much like a Mophie backs up a cell phone. Last summer it worked with Highland school buses in Beverly, Mass. Highland is expanding its fleet of electric school buses across the northeast, and McIntyre said he expects to expand the V2G capabilities as well. "It helps local utilities meet demand, but it also creates income for school districts, and it makes electric school buses more affordable," said McIntyre.
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