The German based charging technology firm Magment will utilize a magnetizable concrete technology that offers a seamless wireless charging during driving. Electric vehicles are gaining a lot of traction all over the world, but the biggest worry of any passenger electric vehicle is the availability of ample charging stations on the roads, especially for longer durations, dubbed range anxiety. In the first half of this month, the current President Joe Biden has passed an initiative of $7.5 billion with an aim of making a countrywide network of 500,000 high-range electric car charging stations by the end of 2030. BUt, experts clearly stated that this initiative will only tackle half of the barrier because the charging times are still very lengthy. But, this problem can be countered by inductive charging on the roadways.