If you think Elon Musk and Tesla Motors Inc (NASDAQ:TSLA) invented the electric car, you’re off by about 180 years. Ideas can take a long time to take off, and eyeing the “crazies” of today can give investors valuable insights into the corporate cash cows of tomorrow. Here are three crazy ideas that our kids won’t believe we ever lived without.
1. Road recharge
Scottish inventor Robert Anderson may have invented the world’s first “electric carriage” in 1832, but his non-rechargeable primary cells doomed his idea from the start . Even today, battery technology remains in relative infancy , with Tesla Motors Inc (NASDAQ:TSLA) attempting to avoid the recharge issue altogether via fast-paced battery swaps . But maybe what Tesla Motors Inc (NASDAQ:TSLA) really needs in rechargeable roads.
Earlier this month, South Korea unveiled a 12 kilometer route that powers public buses via electromagnetic fields buried in the pavement , according to a BBC report. The strips push power through at 85% efficiency , removing the need for recharge stops and cutting down on the need for big batteries . Two buses are currently cruising on the new system, with 10 more expected by 2015 .
Tesla Motors Inc (NASDAQ:TSLA)’s a long way off from installing its own electric tarmac, but its infrastructure investments to date have already proven that the company produces more than just cars. Its 18 complimentary “super-charger” stations are doubling to 27 stations by the end of this summer, and will blanket 98% of the U.S. by 2015 .
2. Sleeping behind the wheel
If you’re in a Google Inc (NASDAQ:GOOG) car, driving to work could be the perfect opportunity for a power nap. The company has quietly been ramping up its driverless technology, and recently received a regulatory thumbs up from the National Highway Traffic Safety Administration (NHTSA) to expand tests on “vehicle-to-vehicle communications systems .” The search engine company has already logged around 500,000 miles on its driverless fleet, and the NHTSA estimates that basic vehicle-to-vehicle communication technology could cut back on as much as 80% of all accidents involving non-impaired drivers .
Google Inc (NASDAQ:GOOG)’s got its hands in plenty of projects, and its 10-K doesn’t even mention driverless cars . But it’s this ceaseless creativity that has helped Google Inc (NASDAQ:GOOG) continue to innovate. Its R&D spending has risen 143% to $6.8 billion in the last five years , and its foray into driverless cars is helping its brand today – and perhaps its books tomorrow.
Unlike rechargeable roads, the beginnings of the vehicle-to-vehicle technology revolution are already around us. If you drive a new luxury car, chances are it beeps (annoyingly and impressively) if you accidentally ease out of your lane. General Motors Company (NYSE:GM) is running its own experiments with new “Super Cruise” technology that would work as an auto-pilot mode on open highways, according to Bloomberg.