Electric vehicles are taking up an increasing percentage of the overall auto market share every year — rising from 4% in 2020 to 14% last year. Among the holdouts, a lack of charging infrastructure seems to be one of consumers' most common reasons for not switching from gas to electric vehicles. But now, electric road projects are appearing across the world as a potential solution to supplement static charging, allowing EV drivers to wirelessly charge their cars while they drive. Israel-based Electreon is one wireless EV charging provider with many pilot projects and case studies in operation in Sweden, Norway and Italy, among others. Electreon is also taking part in the first electric road project in the U.S. in Detroit, which is expected to be constructed within the next year.

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Persons: Stefan Tongur, Electreon, Michele Mueller Organizations: EV, CNBC, Swedish Transport Administration, Michigan Department of Transportation Locations: Electreon, Israel, Sweden, Norway, Italy, Visby, U.S, Detroit