Will Federal EV Investments Expand the Scope of Alternative Fuels?
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As of early August, the Biden Administration has announced prioritizing investments in alternative fuels and fuel efficiency, including a lofty goal of making electric vehicles 50% of the US’ automotive sales by 2030.
The core technologies getting federal support within the context of electric, alternatively fueled vehicles include battery electric, plug-in hybrid electric, and fuel cell electric vehicles. But what about investments in other alternative fuel technologies with an already storied history but not as much support within EV community, like air-based alternative fuels?
Mark Cann, CEO & CTO of CyromatiKs Inc., shared his thoughts on whether air-based fuels, like the zero-emission liquid air diesel alternative he and his team have developed at Cryo Energy, deserve investment at a federal level, and whether there’s a scaled future for these technologies as auto manufacturers vie for EV market share.
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