Editor’s note:Michael Linse and Zach Barasz are investors with the Green Growth Fund at Kleiner Perkins Caufield & Byers.
Think of the vehicle that will change urban transportation. If the image in your mind is not an electric bus, you’re thinking of the wrong vehicle.
The electrification of the passenger vehicle has made headlines for good reason. Vehicles like the Tesla Model S and BMW i8 are beautiful and fast, and cars like the Chevy Volt and Nissan Leaf offer compelling value to commuters. But we’d be lucky if plug-in vehicles represent more than 5 percent of passenger vehicles sold in the United States over the next five years. Worries about range and cost are real, and it will take time to undertake the public effort – and build the charging infrastructure – to address consumer concerns.
Yet in other parts of the transportation industry, the electric drivetrain will…
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