About the Motorcycle Business
The motorcycle is powered by a hybrid hydrogen-electric powertrain and can reach a top speed of 93 miles per hour. Far from zipping around Washington D.C. with a group of sightseers, this motorcycle, dubbed the Apex H2, is a step into the future.
The motorcycle is currently just in its concept phase, but Ninebot, which owns the Segway company, says the company will begin production of the bike in 2023.
Once it’s released, the motorcycle will join a slate of other Segway offerings, like the Kickscooter, the Ninebot Go Kart, the Segway Drift, the Segway Dirt eBike, and others.
The motorcycle is a symbol of an economy that is thinking positively about the future of vehicles post-fossil fuels. From Tesla to GM and from Rivian to Volkswagen, these actions from a business like Segway are certainly reflective of a public sentiment that is shifting toward renewable energy.
What the Business Experts Have to Say
Rebecca Wen, who works in the Asia Autos and EV Battery Research department at JP Morgan Chase & Company (one of the world’s largest investment banks), said the worldwide auto business was showing promising signs of growth.
“The global auto industry is taking two structural directions,” said Wen in JP Morgan’s report on the EV (electric vehicle) business, titled, “The Future Is Electric.”
“Greener, with new energy vehicles, and smarter with autonomous driving and connectivity. We believe that companies with Smart EV exposure will increasingly trade like tech stocks,” she said.
All About the Hydrogen Business
There’s another benefit to hydrogen engines: the ability to refill in a much shorter time than modern non-fossil fuel vehicles currently allow. Right now, if you want to charge your EV, you have to go to an EV charging station, which is, though growing more common, still sometimes hard to find, especially in developing markets.
That’s a problem for convenience, but there’s more: the charging process can be quite lengthy and requires that one take more time out of their day to charge the EV than anyone would prefer.
Hydrogen-powered vehicles cut down on the amount of time one needs to take out of their day. According to reporting from New Atlas, “you can fill up your [Apex] tank about as quickly” as any normal, comparable motorcycle tank.
What’s more, the hydrogen fuel cell business is expected to grow at an incredible rate of 66.9% from 2019 to 2026 — clear proof that the transportation industry is undergoing a significant shift away from fossil fuels and toward more renewable forms of energy.
All these factors together mean that the Segway company could have a winner on its hands and become a shining example of hydrogen-electric transportation soon.
About the Author
Elijah Labby is a graduate of the National Journalism Center. He has previously written for Broadband Breakfast, a technology and internet policy website.