Modest but Mighty: The Realistic Path to Electric Vehicle Adoption in Construction

This week on the Construction Genius Podcast, we are having a quick sneak peek into the world of electrical machinery where we discuss the cost difference between electric vehicles and diesel machinery, the replacement and application process, environmental concerns about lithium mining and its current progress, the involvement of heavy machinery in the carbon footprint of the United States, and many more with our guest Raymond Wang.

Raymond Wang is the  founder and Chief Executive Officer of HEVI Corp. With over 20 years of expertise, Mr. Wang specializes in strategy, corporate governance, and management. He has held prominent executive positions in the manufacturing, banking, and finance industries. He has worked for Zhongchai Holding, Merrill Lynch, and Bank of America. He is passionate about promoting environmental sustainability and actively engages in non-profit and community service projects in his hometown.

Starting the conversation, Raymond shares his motive behind focusing on electric vehicles, saying their purpose is to introduce cleaner tools to specific jobs in the industry. Then we hear how they remedy the dissuasion of people from buying electric vehicles due to the upfront cost difference between electric vehicles and traditional machinery. Raymond then explains why they keep their machinery simple and how it helps to keep the cost down and adoption high.

Adopting new technologies might be difficult for some people at first, but with the right guidance, they can fit in with them and continue working. Here, Raymond explains how their labor unions are adopting electric vehicles and how they have faith in transitioning to cleaner technologies. We then pay attention to lithium mining and environmental concerns as it continues to progress in mining accuracy.

 

EPISODE HIGHLIGHTS

[03.36] Raymond’s motive behind focusing completely on electric vehicles. 

[06.44] The upfront cost difference between electric construction vehicles and traditional diesel machinery.

[11.16] The performance difference between diesel vehicles and electric vehicles in extreme weather conditions. 

[21.11] Lithium mining and environmental concerns.

[23.48] What will the future look like with regard to the balance between electric and diesel-powered vehicles? 

[27.12] The role heavy equipment plays in the carbon footprint of the USA. 

[31.30] The 10-year goal of Raymond’s company. 

 

TIPS AND TOOLS TO IMPLEMENT TODAY

1. Make sure people are comfortable and willing to try new power sources. 

2. Keep the machinery simple. 

3. Simple machinery will keep the cost down and adoption high.

4. Try not to sell machines that are not catered to fit their use. 

5. The role of electrical machinery is to fit into the right place in the business and do a cleaner job.

 

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RESOURCES

Connect with Raymond Wang

LinkedIn - linkedin.com/in/raymond-wang-gtec/ 

Website - gethevi.com/ 

Twitter - x.com/realraywang