Sales of electric vehicles (EVs), particularly plug-in hybrids and full battery electrics, are growing faster than expected, according to a study released earlier this year by the Boston Consulting Group.
COEUR d'ALENE, ID–KORE Power, a leading developer of battery cell and energy system storage technologies, recently announced that it is building a large-scale battery cell manufacturing facility that will open in early 2021 and create an estimated 18,000 direct and indirect jobs.
Navigant says that plug-in electric vehicle sales last year doubled in North America, and sales in Europe and China increased 39% and 77%, respectively. And by 2030, annual PEV sales are estimated to be between 15% and 32% of the global light-duty vehicle market.
Battery electric vehicles could be on the fast track to reach an installed base of over 100 million by 2029, but much of the growth in electrification hinges on battery technology as well as educated and willing consumers.
The electrification of automotive powertrains has accelerated as the world's automakers come to the realization that traditional ICE (internal combustion engine) vehicles can no longer keep pace with stringent global emissions requirements, especially those in Europe.
The Budweiser Clydesdales have been an advertising icon since April 7, 1933, when the first hitch of eight horses trotted away from the Anheuser-Busch brewery in St. Louis with a wagon-load of beer to celebrate the end of Prohibition.
RIDGEVILLE, SC — Volvo will build its own U.S. battery assembly plant as it readies a line of electric vehicles for the market. The expansion is part of a previously announced $600 million project by the Swedish automaker, which includes a second production line and Volvo Car University.
One of the main issues in the recent strike against General Motors revolved around the increasing electrification of automobiles. The shift to electric- and hybrid-powered vehicles is expected to radically alter the shape of the auto industry in the decade ahead. It will also change the look of assembly lines.
For decades, batteries have powered everything from toys and toothbrushes to personal electronics and power tools. But, that's just scratching the surface. During the next decade, advanced batteries will be mass-produced for a wide variety of new applications on land, sea and air.
During the next decade, more automakers will be adopting 48-volt electrical systems to keep up with evolving driver-assist options, onboard entertainment features and other power-sapping applications. Growing demand for mild-hybrid electric vehicles (MHEVs) is also behind the trend.