Dec 21, 2018

New EV batteries could benefit the electric grid and AV owners

Illustration: Sarah Grillo/Axios

Automakers and utility companies are collaborating to develop bi-directional battery capability in electric vehicles, which enables EVs to receive and return power to the grid.

The big picture: Many AVs will likely be electric, and if they can operate as off-grid batteries, they could let owners make better use of the energy they buy from utilities and even be used as backup energy sources in blackouts.

Where it stands:

Yes, but: Research has shown that bi-directional batteries will see high wear and tear if they are constantly charging and sharing electricity. JB Straubel, the CTO of Tesla, has criticized the technology for this "degradation cost." Meanwhile, the current price of standard EV batteries keeps the vehicles outside an affordable range for most consumers.

What to watch: If a business model develops around bi-directional charging, the cost of battery wear and tear could be factored into companies' bottom lines. But if consumers are expected to bear the expense, they may need to be incentivized to participate in V2G systems through tax credits or lower utility rates, in addition to earning back money when their vehicles give power to the grid.

Sudha Jamthe is CEO of IoTDisruptions and teaches AV Business at Stanford Continuing Studies.

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Hungary's Viktor Orbán granted sweeping powers amid coronavirus crisis

Viktor Orbán. Photo: Michal Cizek/AFP via Getty Images

Hungary's parliament passed a law Monday to allow Prime Minister Viktor Orbán almost unlimited power, for an indefinite period, to fight the coronavirus outbreak.

Why it matters: Hungary has taken a sharply authoritarian turn over the past decade under Orbán, and its likely that he and other strongman leaders around the world will seek to maintain powers they gain during the current crisis long after it's over.

Go deeperArrow31 mins ago - World

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 9:30 a.m. ET: 737,929 — Total deaths: 35,019 — Total recoveries: 156,507.
  2. U.S.: Leads the world in cases. Total confirmed cases as of 9:30 a.m. ET: 143,055 — Total deaths: 2,513 — Total recoveries: 4,865.
  3. Federal government latest: The White House will extend its social distancing guidelines until April 30.
  4. Trump latest: The president brushed aside allegations that China is spreading misinformation about the origin of the coronavirus on "Fox & Friends."
  5. Business updates: Americans are calm about their retirement savings despite coronavirus fallout.
  6. World updates: Israeli Prime Minister Benjamin Netanyahu will self-isolate after an aide tested positive for coronavirus.
  7. What should I do? Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk
  8. Other resources: CDC on how to avoid the virus, what to do if you get it.

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BIG3 to create a hybrid reality show about quarantine basketball

Illustration: Aïda Amer/Axios

Sports are on pause, and there's no timetable for their return. In the interim, leagues, teams and athletes are getting creative with ways to keep fans engaged.

The latest: A "quarantined reality show basketball tournament," courtesy of the BIG3, the upstart 3-on-3 basketball league founded by Ice Cube and his longtime business partner Jeff Kwatinetz.