Innovation Igniter provides a high-level overview of the biggest trends in areas like the automotive industry, product design, high tech and more. This week, we focus on some of the biggest news in the world of electric vehicles and high tech – from Tesla’s new Model 3 to Volvo’s decision to drop traditional engines.

Volvo Will Only Make Electric and Hybrid Cars Starting in 2019 >

Volvo announced plans to only offer fully electric or hybrid engines by 2019.

Volvo also shared its goal to sell one million electric and hybrid cars by 2025, and that it will launch five new electric and hybrid cars between 2019 and 2021. Polestar will make two of those vehicles, and will become its own subsidiary for high performance electric cars.

Keep an eye out for Polestar as a competitor with Tesla luxury models.

electric vehicles and high tech

First Production Tesla Model 3 Expected Friday, Elon Musk Says >

The Model 3 is here, and soon more people than ever before will be able to afford a Tesla battery-powered electric vehicle (EV).

The Model 3 passed all regulatory checks ahead of schedule and last week, Tesla completed serial number 1. Tesla will hold a handover party for the first 30 customers on July 28th.

The Model 3’s lower $35,000 price point is key to getting their battery-powered cars to a much larger number of people. (The Model S and the Model X both land in the six-figure range, which is well beyond many people’s budgets.) More than 400,000 pre-orders have already been placed for the Model 3, and Musk predicts sales to increase dramatically in the months following the release.

“Both of these [Model S and Model X] are very important because the revenue from the Model S and the X is what is needed to develop the Model 3,” said Musk at the Model 3’s reveal last year. “So I just want to say to all of you who bought a Model S or the Model X – thank you for helping pay for the Model 3.”

Walmart is Building Giant Towers to Solve the Most Annoying Thing About Online Ordering >

In multiple stores, Walmart is setting up large self-service kiosks called “Pickup Towers” that retrieve orders for people who did their shopping online. Customers scan their receipt, and within 45 seconds their order is brought out on a conveyer belt.

Besides being more time-efficient than previous manual methods of delivering online orders, the machine is also space-efficient (though still enormous) – adjusting the size of the internal storage compartments as needed for different orders. The kiosks are located near store entrances for added convenience.

Look for potential future rollouts of a similar method for handling online grocery purchases at Walmart.

electric vehicles and high tech

Our Authors: Matt Suits and Andreya Carlson

About The Author: Matt Suits

Matt has always loved interacting with clients to find solutions for their challenges. He was drawn to business development at Kaleidoscope because of the great potential he saw. After graduating from the Lindner College of Business at the University of Cincinnati, he worked with two startups, a marketing consultancy, a financial services company and the non-profit 3CDC. He believes that listening is the most important part of sales. In his free time, Matt enjoys movies, trying new foods, traveling and the great outdoors.

About the Author: Andreya Carlson

Andreya has always been fascinated by language and the written word, which drove her to earn a degree in Journalism from the E.W. Scripps School of Journalism at Ohio University. She additionally earned a degree in Psychology, which kindled her interest in the healthcare industry. Her experience in marketing, communications, writing and editing includes work with a prominent human rights organization in England and a Cincinnati-based book publishing company. Andreya’s appetite for knowledge and passion for purposeful creation led her to cover design and healthcare advancement news for Kaleidoscope.

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