Virgin Hyperloop, the technology company that seeks to commercialize ground-speed travel, is looking at transportation that can reach speeds of up to 670 mph, its CEO said on Friday.
Jay Walder said the company is looking at a range of possibilities that include incredibly fast travel with high capacity and not dirty.
“We’re really looking at the first new form of mass transport we̵7;ve had in 100 years,” Walder told Neil Cavuto of Fox Business on “Cavuto: Coast to Cost.” “We are looking at transportation that will be high capacity to carry people and cargo at the same time so it meets our needs in both of those areas.”
Earlier this month, Virgin Hyperloop announced the selection of West Virginia as the site for a $ 500 million certification center that will serve as a test track. The concept of brisk travel includes built-in pods that will take passengers underground at speeds over 600 mph using electromagnetic levitation.
Construction of the facility is expected to begin in 2022.
Ideally, a trip from New York to Washington would take about 30 minutes. The technology will connect American cities more closely, but could also affect the airline industry.
“I think it works best for routes that airlines refer to as” short delivery, “Walder said. It doesn’t change New York to Los Angeles for example, but I think it offers a more, more convenient way of connecting with cities across the country. “
He likened Hyperloop to the creation of the interstate highway system under the presidential administration of Dwight D. Eisenhower.
“We now have in mind that the time it takes to get between places is determined by the highway system,” Walder said. “Now, if you want to leave Columbus [Ohio] in Pittsburgh, that was a three hour trip. In Hyperloop, it’s 25 minutes. “
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He added that a regulatory approach of standards for technology will be defined by the government.
“Ultimately, there will be standards that come from it. Certainly, we want to make sure that the standards that are achieved are the best outcome for everyone,” Walder said. “And I think we can get there. I don’t think that’s the hardest challenge for us to meet.”