The success of promotion of electric and hybrid vehicles lies on three goodness factors: 1. Good product: high performance at reasonable; 2. Good infrastructure: efficient and user friendly; and 3. Good business model: innovative business model that can leverage the initial cost of batteries to integrate the interest of stake holders. In this connection, proper technical and commercial roadmaps are essential. This keynote speech will discuss the state of the art and key technologies of electric and hybrid vehicles, hence the technical and commercial roadmaps. The new DNA for electric vehicles to enable become smart electric vehicles will be explored. The evolution of smart grid and the interaction of electric vehicles and smart grids will be reviewed. The recent development of electric vehicles in USA, Japan and China will also be briefly compared.
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