The future of electric vehicles if full of promise. While consumers still express some reluctance, forecasts predict a strong growth market. To achieve this, manufacturers are stepping up their efforts and countries are putting in place incentive policies to meet the needs of the market to a global ecological issue.
The futur of electric vehicles: Sales forecasts
As the thermal vehicle does not allow to answer the new ecological stakes, alternative solutions such as the electric vehicle were born to try to limit the C02 emissions. However, the first electric vehicles did not match consumer expectations in terms of price, autonomy and charging time. Therefore, what about the future of electric vehicles? Although the democratization of the electric vehicle has been slow in the last decade, it has been accelerating since 2 years. With the will of public authorities to limit the circulation of thermal vehicles, manufacturers have to reinvent themselves and adapt to these new constraints. With encouraging figures, the electric vehicle is now a quick and viable solution to accelerate this transition. Since 2018, the number of EV sales has indeed increased significantly and this growth is expected to accelerate by 2030, according to a study conducted by Deloitte,. Indeed, the number of electric vehicle sales has increased from 2M in 2018 to 4M in 2020 and forecasts are around 21M sales by 2030.
However, the future of electric vehicles and the transition to green mobility remains dependent on the goodwill of consumers. While automakers are trying to move the market towards a new electric offering, it is not necessarily adapted and does not fully meet the needs of users. According to a study by Deloitte, the main concerns of consumers are the range of electric vehicles, their price, and the lack of charging stations. At the same time, questions are also being raised about battery recycling, their lifespan, and their safety.
The various surveys conducted by e-Mersiv have also shown that recharging time is a crucial point. 44% believe that it is the first obstacle to the purchase of an electric vehicle, just ahead of cost and range. However, if manufacturers do not manage to provide a user experience at least equivalent to that offered by thermal vehicles, the growth and future of electric vehicles could be compromised. Indeed, why should I buy a vehicle that is more expensive than a combustion vehicle if it does not provide me with sufficient autonomy? To be massively adopted, EVs must answer the customer needs which are to preserve their freedom to travel with no more constraints than a thermal vehicle.
The race for innovation
Although batteries have evolved a lot since their creation, the current offer of the manufacturers still forces the consumer to make concessions. Due to inadequate cooling, electric vehicle batteries cannot combine performance, fast recharging, longevity and range while ensuring the safety of the vehicle and its passengers.
Thus, to offer a customer experience that will guarantee the development and the future of electric vehicles, many manufacturers are looking to challenge current performance. With a market brimming with opportunities, the competition is fearce. Every companies try to put an end to the EV’s reticence. For autonomy, manufacturers plan to increase the size of their batteries (from 20 kWh to 75 kWh). This will increase the autonomy of the vehicles until 2025. And with even larger batteries it will be possible to reach distances of more than 1000kms by 2030. As for the price of batteries, thanks to the development of the market and the increase in the number of players, it will decrease significantly between now and 2030, from 133€/kWh in 2021 to 63€/kWh in 2025, i.e., a decrease of almost 50% in the cost of batteries.
Finally, as for the lack of charging stations, the issue is this time with our institutions. Many countries are investing in recharging zones both to encourage consumers to buy an electric vehicle and to meet the needs of tomorrow. Europe has announced its ambition to have 3 million charging stations for electric cars in operation on the roads by 2030. Today, 290,000 charging stations are already operational in Europe. The research carried out by manufacturers on autonomy and the reduction of charging time should also make it possible to compensate for this shortfall and to relieve congestion where necessary.
e-Mersiv takes part in this innovation race. Distinguishing itself from the current offer thanks to an innovative technology based on a battery cooling by immersion, the company tends to upset the uses. With a direct and more homogeneous cooling of the battery cells, e-Mersiv can optimize the performance of the battery: energy density, life span, ultra-fast recharge; e-Mersiv offers the best performance-safety ratio. Thanks to players like e-Mersiv, the transition and future of electric vehicles is assured.
Incentive policies put in place by the states
To meet the commitments made for the climate, the States are also putting in place measures and in particular advantages linked to the purchase of an EV. Because responding to climate change also depends on the success and future of electric vehicles, some states are offering financial aid, conversion bonuses and, conversely, taxes on thermal vehicles.
Indeed, according to EPA, transport represents 25% of CO2 emissions. Among these 25%, road transport is in first place in terms of environmental impact, representing 74% of the total pollution generated by transport. Until then, intensive policies are expected to intensify, such as the democratization of charging stations. On the other hand, the tightening of legislation and the imposition of new quotas will harden the incentive for companies to shift from thermal to electric vehicles.
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