Asia Takes The Lead In The Hyperloop Race

16 Aug 2017   Transportation

Elon Musk’s orphaned hyperloop project may soon be Asia’s next transportation superstar, but competitive prices from fossil fuel-heavy options could derail the new technology’s business model. CEO Dirk Ahlborn of Hyperloop Transportation Technologies (HTT) says he sees a working hyperloop, which would propel passengers across vast distances in pods at speeds of up to 750 miles per hour, within the next three or four years. Introducing the magnetic transit technology, which was first described by Musk conceptually, but released to be developed by competing agents in the private sector, is now the subject of a feasibility study in South Korea. The study stems from a licensing agreement between HTT and the government for a 200-mile hyperloop between Seoul and Busan. “The biggest hurdle is to get government approval, so we have been working with governments around the world to advance the legislative framework,” Ahlborn told CNBC last week. India […]

Tags:

Comments are closed.