Updated: Nov 1
In the last blog post, we discussed how market saturation of 4 wheeled EVs is projected to plateau in the next 5-10 years. This month we will go in depth about how Lit Motors will enter the EV transportation sector and what it can offer that other companies cannot.
It is impossible to ignore major shifts in the automotive industry towards producing EVs and diversified transportation. Although growth in the market has faced challenges, in 2023 EVs will have crossed the chasm once supply chain infrastructures become more streamlined.
Single driver predicament
These staggering numbers have a significant negative impact on our planet. This inefficient use of metals and raw materials in the life cycle of a car equates to being unnecessarily expensive, wasteful, and unsustainable.
Smaller EVs are mass market
By 2021, there were nearly 450 EV models available worldwide with the biggest sales increase in China: the largest market (70% of global EV volume) were in NEVs (max 25mph / <GVWR 3000lbs).
Auto manufacturers are intent on maintaining this growth and plan to go fully electric within the next 20 years. The future of transportation is primed for revolutionary advancement with a smaller lighter electric vehicle architecture.
Holy grail market opportunity
With little existing competition currently on the market, the C1 is positioned to have a first to market advantage in the industry.
The AEV is intended to be more conducive to commuter traffic with its compact size (86” wheelbase / 40” vehicle width), weight (800-1200 lbs), aerodynamics (.198-.206 CD), and a self-balancing platform which achieves a 6x better range (170-200 mile per charge) per kWh (1 kWh = 13 miles).
No other vehicle can provide all these features while maintaining car like comfort.
Better use of resources
Battery size is the main factor in the cost of current EVs (¼ total vehicle price), with lithium being a finite resource, and battery production contributing to manufacturing waste.
While the average EV has a 66kWh battery pack, the lightweight C1 contains ⅙ the battery size (13-15 kWh), which will greatly improve the ability to achieve more distance per charge.
Our AEV will consume less energy, provide top speeds of 100+ mph, and hold an equivalent value proposition as a 4W EV, but with 1/10th the metal and lithium costs, reducing its energy cost during its life-cycle.
Thanks to IIHS, NHTSA, and EURO NCAP, we take engineered safety for granted in modern automobiles. Seat belts, safety cell + crash zones, and airbags are three major facets of saving lives.
The CMGs (gyroscopes) of the AEV add a fourth layer of protection no alternate vehicle can match. In the case of a side impact event, the gyroscopes will naturally transfer roll moments from side impact to the gyros and not the occupants. The CMG system allows for our two wheeler to maintain stability where motorcycles fail. Additionally, a helmet is not required to drive this vehicle because you're sitting inside of its enclosed space.
Reducing emissions, congestion, and commute
In the US, the transportation sector is the largest source of polluting emissions next to manufacturing. Lit Motors can make a positive ecological impact by reducing manufacturing waste, decreasing transportation congestion/emissions, and reducing your commute time by 20-30% (through traffic).
This will position Lit as a triple bottom line company; meaning that instead of focusing solely on profits, there is focus on future proofing the positive impact on society as well as the planet.
Less parts, less waste
Manufacturing costs, supply chain resources, and time to produce the AEV are huge differentiators in our production.
The C-1 contains a far less parts count than other EVs and ICE vehicles, allowing for more efficient and quicker manufacturing, thus costing far less to produce by comparison: C-1 (2.5-3,00 parts) vs. EV (12,000 parts) or ICE (24-36,000 parts).
All of these advantages are protected by our comprehensive patent portfolio (which we will discuss in upcoming blog posts), and the window of opportunity and development for Lit Motors’ production is open.
In the new year we will reopen pre-orders to reach our new goal for serial production of 10k-100k units, or “1 Slice” (22 minute mark) in the auto industry. This is the bare minimum of what Volker Kaese says our production can be.
We’re currently at 1,000 pre-existing pre-orders and we want to thank everyone who believes in Lit Motors; your patience and perseverance is appreciated.