SEOUL, KOREA – On Thursday, the Korea Advanced Institute of Science and Technology (KAIST) announced that the KAIST Online Electric Vehicle (OLEV), an electric vehicle using electromagnetic induction, was named as one of the world’s top 10 most promising technologies by the World Economic Forum (WEF).
Since 2012, the WEF, also known as the Davos Forum, has picked the world’s 10 most promising technologies through its Global Agenda Council on Emerging Technologies.
The KAIST OLEV is an eco-friendly vehicle that is charged in a wireless manner. It has a special electricity collecting device underneath it, so its battery is charged through non-contact magnetic induction produced from electric power strips that were buried 15cm underneath the road.
Its adoption of non-contact magnetic charging method has dramatically reduced the size of its battery. Beside, the OLEV can be charged even while on the move.
Back in 2010, the OLEV was also selected as one of the world’s top 50 inventions by American weekly news magazine Time.
Sean Chung (email@example.com)
**Article provided by etnews [Korea IT News]
[Reference] : http://english.etnews.com/electronics/2715655_1303.html