Over the last few years, there has been a significant increase in the electric vehicle market. Moreover, the rise in charging stations has encouraged more consumers to purchase electric cars and make the most of the benefits provided by them. As a result, this has redefined how we think about mobility, so it’s important to see how the EV industry is expected to develop this year and beyond. Today we will take a closer look at a few key things that are set to have a major impact on this sector. Whether you are new to electric vehicles or you have some experience in the area, this article will provide you with some interesting insights.
Global Interest
Many countries across the world have started improving their charging infrastructure so that they can facilitate EV adoption. This means that 2023 is expected to be a successful year for the electric vehicle market. As a result, there are now countries which are planning to phase out traditional vehicles step by step, including the United States, China, Colombia, and Costa Rica. Moreover, as our understanding of low-carbon technology continues to evolve, electric vehicles are becoming poised for exponential growth in the next few years. Therefore, you may want to watch out for any news and changes in the sector.
Plenty Of Options
As more people begin driving electric cars, more options are likely to emerge on the market. Consequently, if you are looking to find out more about electric vehicles and the costs involved, be sure to check out this leasing an electric car cost guide by LV ElectriX. It is designed to answer all of your questions about electric vehicles, such as securing a great lease deal or getting electric car insurance. This will save you time and hassle when you are trying to track down the information that you need about going electric.
Developments In Battery Technology
Lithium-ion batteries have seen critical developments, which has resulted in increased energy density, which means that smaller and lighter batteries can be used in a variety of ways. Also, this has led to faster charging and discharging, allowing batteries to be charged and discharged more quickly than before. These improvements have also ensured that batteries can last longer, without the need for frequent replacements.
Growth Of 800V Electric Vehicle Platform
Although 400V is the most common architecture at the moment, switching to 800V electric vehicle platform will come with a range of benefits. For example, drivers are more likely to experience faster charging times, since higher voltage levels will allow for more current to flow through charging cables. Moreover, 800V architectures are better equipped to support smaller batteries, which will lead to higher efficiency. Also, the smaller size and weight of charging cables means they will be easier to store and handle.
Increased Use In Rural Areas
While electric vehicles are often associated with urban errands, it’s likely that this will change in the next few years. This is because electric cars generally make more sense in rural areas, where they can provide the most value to drivers. As people who live in rural areas tend to drive more, electric vehicles may be more suitable for rural households. Moreover, gas stations are often hard to find in these areas, which means that charging electric cars at home can be a much better option. Going electric will also allow consumers to save some money on transportation in rural areas.
Cell-To-Pack Technology
Cell-to-pack technology is a new approach, which aims to increase driving range and make electric rides cheaper. This can change the way electric vehicles are produced and decrease manufacturing costs at the same time. The process involves eliminating intermediate components and reducing the weight of the battery pack. As a result, this can improve the overall performance of an electric vehicle and increase efficiency. It can simplify the manufacturing process, which can lead to cost savings and faster production times. In addition, there will be fewer points of potential failure, making battery packs more reliable.
Electric Vehicle Range
All of these developments are expected to help maximise electric vehicle range, which is set to be a key consideration for 2023. This means that companies are likely to work on reducing vehicle size and weight. Lighter cars generally require less energy, so this will improve efficiency. Additionally, companies are likely to focus on designing electric vehicles with different energy-saving features and energy-efficient systems to maximise regenerative braking. It will be crucial to optimise tyre pressure by using low-rolling resistance tyres, which can also increase electric vehicle range.
Software-Defined Vehicles
Software-defined vehicles enable new features and add functionality entirely through the use of software. As a result, they are expected to provide new in-vehicle experiences and improve safety. This transformation is likely to affect every aspect of the automotive industry, including the production development process and supply chain system. In the future new features can be activated to suit the driver’s needs. For example, these might be apps or other temporary services, which are provided after collecting data in real time and sending it to the cloud. Therefore, vehicles will constantly be optimised through the use of a variety of software solutions.
New Models On The Market
Since the popularity of electric vehicles is increasing, you will be glad to find out that new models are on the way. Electric SUVs are expected to see the biggest influx this year, as many customers are excited to explore new options. The choice of new electric vehicles continues to expand, so you are bound to find a model that fits your needs. For example, the Nissan Ariya will be perfect for family buyers, looking for more convenience. Also, if you want to find a great model with some impressive features, check out Hyundai Ioniq 5 or Kia EV6.
Improvements In Charging Infrastructure
Energy companies and charging operators have joined forces with the aim of improving access to public charging points all over the world. This means that more schemes will be introduced to encourage governments and workplaces to build the necessary charging infrastructure. The most important aim will be to keep drivers satisfied. As a result, there will be further improvements in payment systems and network solutions, designed to make the experience of driving an electric vehicle more enjoyable as a whole. Therefore, this can help reduce charging wait times and minimise the number of broken chargers upon arrival.
More Opportunities For Education
Finally, it’s important to note that although the number of EV drivers is increasing throughout the world, more education is still needed to get a better understanding of the EV market. There are many drivers, who might not know enough about electric vehicles, which can make it difficult to make an informed decision. Consequently, more opportunities for education are expected to become available in the upcoming years. This will ensure that drivers can learn more about the capabilities of electric vehicles, as well as the benefits of going electric. As new options become available, it’s inevitable that drivers will have more questions, so it’s likely that there will be more learning resources available online as well.
Ingrid Maldine is a business writer, editor and management consultant with extensive experience writing and consulting for both start-ups and long established companies. She has ten years management and leadership experience gained at BSkyB in London and Viva Travel Guides in Quito, Ecuador, giving her a depth of insight into innovation in international business. With an MBA from the University of Hull and many years of experience running her own business consultancy, Ingrid’s background allows her to connect with a diverse range of clients, including cutting edge technology and web-based start-ups but also multinationals in need of assistance. Ingrid has played a defining role in shaping organizational strategy for a wide range of different organizations, including for-profit, NGOs and charities. Ingrid has also served on the Board of Directors for the South American Explorers Club in Quito, Ecuador.
