From vacuums to vehicles: Dyson has been secretly working on electric cars for two years, planning to funnel more than $2.5 billion into developing the vehicles and solid-state batteries to power them.
Most competitors, including Elon Musk’s Tesla, are using lithium batteries for their models, but Dyson promised a “radically different” car with smaller, more efficient batteries by 2020 or 2021. Founder James Dyson predicts electric vehicles will be the company’s largest revenue source within a few years. The industry is heating up, with electric or hybrid cars set to comprise more than half of vehicles sold globally by 2040, according to forecasts; and another slew of major automakers, including Volkswagen, Volvo, and Mercedes, are about to join the fray. • Share your thoughts: #DysonCar
