Electric Vehicle Market Are Still Optimistic and Key Trends To Observe In 2022
Trend

Electric Vehicle Market Are Still Optimistic and Key Trends To Observe In 2022

The growth of the electric vehicle market in 2021 exceeds expectations, reviewing several major events in 2021, and sorting out the key trends worth watching in 2022.
Published: Apr 26, 2022
Electric Vehicle Market Are Still Optimistic and Key Trends To Observe In 2022

What Is the Electric Vehicle Market Now?

In this year, the electric vehicle market has grown at an astonishing rate of acceleration, and despite the ongoing chaos of the epidemic and tight supply chain issues, electric vehicle sales are still strong. Tesla’s continuous price hikes are still in short supply. Volkswagen, Ford, Hyundai, General Motors, Mercedes-Benz, BMW and various Chinese car manufacturers’ electric vehicles almost all have grown a lot compared to 2020. While full figures are not yet available, EV sales in 2021 are up about 80 percent from last year.

Just in November 2021, Tesla's stock price soared due to the news of its cooperation with the car rental group Hertz. Investors are not looking at Tesla's profitability, but are optimistic about the future potential. Looking at the S-shaped curve of the stock market, Tesla is probably still in its infancy.

Tesla's sales are approaching 1 million in 2021, while maintaining excellent profitability, and with the ever-expanding Gigafactory, Tesla is on track to sell 20 million vehicles by 2030. Estimated at an average of $30,000 per vehicle, even if Tesla only achieves its goal of 5 million vehicles in 2030, it is equivalent to $150 billion in revenue. It is conservatively estimated that the electric vehicle market will be worth about $450 billion in 2030. Tesla may occupy one third.

Traditional car manufacturers also focus on electric vehicles to attract investors' attention. In addition to the electric Mustang, Ford electrifies the best-selling truck in the United States, the F-150, which allows them to hold large orders. The stock price has tripled in the past year, and the market value has also rushed to 80 billion US dollars.

We can't be sure how much more dramatic changes will be in the electric vehicle-related stock market in 2022, but what is certain is that electric vehicle-related topics, including car manufacturing, batteries, metals, charging equipment, etc., will continue to attract more capitals.

Large Commercial Hydrogen Fuel Cell Vehicle

Compared with the passenger electric vehicle market, hydrogen fuel electronic vehicles are difficult to popularize due to factors such as cost, infrastructure, and raw material prices. However, in the large-scale commercial market, hydrogen fuel cells are still promising, including long-distance passenger transportation and link truck.

Hydrogen fuel cells have the advantages of high battery life and rapid energy replenishment, and are very suitable for large vehicles with simple routes. This can be seen from the continuous delay of Tesla Semi. Large trucks have to use lithium batteries completely, and the cost is very high. Therefore, Tesla has been delaying the Semi production sequence, pinning its hopes on new batteries.

Conversely, hydrogen fuel cell buses are already in operation in many countries, with 65 in the US, 150 in Europe, and as many as 3,000 in China, with growing orders.

Honda stopped production of hydrogen fuel cell passenger cars in June 2021, and Hyundai Motor announced in September 2021 that all its commercial vehicles will have hydrogen fuel cell power options by 2028, just to see the evolution of the market. Hyundai has a fleet of 46 trucks in Switzerland that run entirely on hydrogen fuel cells and plans to expand to 1,600 by 2025.

At the same time, China and the United States also have orders for more than 4,000 FCEV trucks in hand, which shows that hydrogen fuel cells have not come to an end. On the other hand, although most European carmakers have given up on FCEVs, they have not stopped researching large-scale hydrogen fuel cell trucks. Mercedes-Benz GenH2 hydrogen trucks have begun road tests and are expected to be tested with customers in 2022.

Of course, there is also Toyota, which has not given up on FCEVs, and has continued to try various possibilities for hydrogen fuel cell trucks, including engineering vehicles, emergency vehicles, and even developed hydrogen fuel cell vehicles to charge electric vehicles.

Black Technology of Electric Vehicle

Electric vehicles currently have several major problems, the most critical being the endurance. In addition to the brutal increase in batteries, there are actually many details that can bring breakthroughs. Although it is a bit exaggerated to call it black technology, these technological breakthroughs are expected to start affecting the electric vehicle market in 2022.

Axial Magnetic Field Motor
The principle of electric vehicles is very simple. The battery provides electricity to the motor, and the motor turns the wheels to move the vehicle forward. While the world is chasing more efficient and cheaper batteries, the motor is what keeps the vehicle moving. However, almost all electric vehicle motors on the market currently use "radial magnetic fields", and an ancient and innovative mechanism is about to change the ecology.

This kind of electric motor called "axial magnetic field", also known as disc motor, is the first motor invented in the world. It is a high-efficiency and lightweight motor. However, limited by material technology, people have to use efficient Lower radial motor to solve the problem of motor overheating.

YASA, a British company specializing in the research of axial magnetic field motors, has made breakthroughs in this regard in recent years. In 2019, it received an order from Ferrari to use this new motor on the Ferrari SF90 gasoline-electric supercar. In 2021, Mercedes-Benz will directly acquire YASA and make this new technology its own.

The axial magnetic field motor is lighter in weight and has a higher torque density, which can increase the battery life of electric vehicles by 5%. Therefore, Mercedes-Benz and Renault have begun to sign new motor suppliers to improve battery life. Compared with the long-awaited battery revolution, the benefits of the motor update seem to be a little more practical.

Silicon Carbide and 800V High Voltage Architecture
On the electric vehicle battlefield, one of the factors that makes Tesla's endurance leading is the bold use of third-generation semiconductor silicon carbide parts to reduce the loss of energy transmission between components, and the accumulation of small amounts into considerable endurance. Starting in 2022, silicon carbide can almost be said to be the starting point for electric vehicles.

Led by Tesla, Audi, Renault, Ford, Hyundai, Porsche, BYD and Toyota (Mirai) will all use silicon carbide parts to improve endurance performance.

In addition, TrendForce research pointed out that the global electric vehicles are gradually upgrading to 800V high-voltage architecture, which will also push up the demand for silicon carbide. Therefore, currently Tier 1 suppliers, including Delphi, BorgWarner, ZF and Vitesco, are also following up to provide silicon carbide. components, become the standard configuration of the main drive inverter.

Under high pressure, silver sinter die-attach technology can provide higher temperature tolerance, much higher than the current common tin solder, can come to more than 250 degrees Celsius. The Japanese technology giants Hitachi, Showa Denko and Mitsui have successively demonstrated the latest copper sintering technology to provide better performance and have the opportunity to introduce production lines in 2022.

The Counterattack of Hybrid Electric Vehicle

Hybrid electric vehicle may seem to be swamped by the electric car sprint, but the truth is that sales of both plug-in and non-plug-in vehicles have continued to rise over the past few years. In 2020, sales of plug-in electric vehicles (PHEVs) in Europe have tripled to more than 600,000 units.

While the variety of hybrid forms can be confusing, there is no denying that hybrid electric vehicles are an effective short-term option in the transition to zero carbon emissions. At least for car manufacturers, Mercedes-Benz and BMW's sales of gasoline-powered cars, exempt from EU carbon fines, are a niche.

In the long run, hybrid electric vehicles will eventually be the history, but under the influence of various subsidies and the vigorous promotion of traditional car manufacturers, the sales of hybrid electric vehicles in 2022 are still optimistic and continue to grow. At least until the charging infrastructure is more complete and the price of pure electric cars is more affordable, hybrid electric vehicles will still have a good time.

Top 10 Tesla’s Autonomous Vehicle Competing Companies In 2022

Autonomous driving has moved from the realm of science fiction to a very real possibility in recent years. This is largely due to the massive advancements in radar technology and microprocessor capacity. Autonomous vehicles have been under development for quite a long time now, and several companies have emerged as the pioneers in developing new and innovative features to these autonomous vehicles that are making this class of automobiles more advanced and agile. Among all the companies, Tesla has emerged as a leader in producing electric and autonomous cars. The company has showcased record -breaking innovations in this domain and has established itself as a competitor to beat in the future. Tesla competitors are adding new features to their autonomous cars to compete with the company, and also among themselves to provide the best services to the target audience. Naturally, this means unexpected, new, explosive innovations in the domain. Here, we have listed the top autonomous vehicle companies that are also the top Tesla competitors for 2022.

  • General Motors
  • Hyundai (KIA)
  • Volkswagen
  • Ford Motor
  • Mercedes-Benz
  • Rivian
  • Waymo
  • Porsche
  • Argo AI
  • Honda Motors
Published by Apr 26, 2022 Source :TechNews, Source :Analytics Insight

Further reading

You might also be interested in ...

Headline
Trend
What is a Quantum Computer? What are the Challenges in the Development of Quantum Computing?
The real power of quantum computers is not the speed of computing, but the ability to process problems in parallel. By harnessing the uncertainty of quantum physics, it could revolutionize medicine, accelerate artificial intelligence, and upend cryptography.
Headline
Trend
What is Tiny AI?
Tiny AI integrates low-power, small-volume NPU, and MCU adapts to various mainstream 3D sensors in the market. And supports three mainstream 3D sensing technologies such as structured light, ToF, and binocular stereo vision, to meet the needs of voice, image, and so on to identify needs.
Headline
Trend
What is a Data Lake?
A data lake is a centralized repository for storing, processing, and securing large volumes of structured, semi-structured, and unstructured data. It can store data in its native format and handle any conversion format regardless of size limitations.
Headline
Trend
An Approach that Combines Mathematical Optimization and Machine Learning
Machine learning (ML) is a type of artificial intelligence (AI) that allows businesses to make sense of large amounts of data and learn something. Through mathematical optimization, it can help to interpret the correctness of data and improve the decision-making basis of machine learning.
Headline
Trend
What are Mods and Modular Design?
Through modularization, a series of universal functional modules are designed, and these modules are selected and combined according to requirements to form products with different performances and specifications.
Headline
Trend
Understanding DevOps Corporate Culture and its Benefits
DevOps is an approach to corporate culture, automation, and platform design that enhances business value and resilience by delivering fast, high-quality services and relying on fast-paced and repeatable IT services.
Headline
Trend
Manufacturing Combines Augmented Reality and Virtual Reality to Create a Digital Reality Experience
Utilize industrial augmented reality technology and virtual reality to further improve employee productivity, efficiency, and customer satisfaction through real-time step-by-step work instructions.
Headline
Trend
How does AIoT Help Smart Transportation?
How can AI and IoT technologies assist pedestrians, traffic units, and police units to help smooth, convenient, and safe traffic?
Headline
Trend
The Importance of a Green Economy for Global Sustainable Development
The green economy is a necessary trend for the global status quo. Governments must also fundamentally reform their policies. It is not easy to achieve this goal, but if we want to move towards sustainable development, the green economy will become key.
Headline
Trend
What Is Artificial Intelligence? Future Trends
What is Artificial Intelligence (AI)? At present, in which life scenarios has artificial intelligence been used? How will it change the future? Artificial intelligence is the power of the new era. In the future, there will be no modern industries that have nothing to do with artificial intelligence. Artificial intelligence (AI) has illuminated the prospects of a new generation of technology. Since then, people have quickly used huge amounts of data to analyze and carry out machine learning. solution, leading to the best decision. How does this technology work and drive the development of other new technologies? What are the development trends of artificial intelligence?
Headline
Trend
Development Trends and Risks of Global Supply Chains
In response to the supply chain challenges brought about by the epidemic, the layout of the supply chain will become more resilient-oriented, that is, willing to sacrifice some of the high cost and efficiency indicators in exchange for the flexibility and resilience of supply chain management.
Headline
Trend
Post-Pandemic Era: New Trends in The Global Logistics Industry
The global logistics industry bears the brunt of the outbreak of the epidemic. In the early days of the epidemic, cities were closed, borders were closed, and flights were suspended, but at the same time, the demand for personal protective equipment and daily necessities also reached its peak. The surge in e-commerce shopping has put additional pressure on the global supply chain, and the recent delivery of vaccines has also added challenges to the supply chain. Life in the post-epidemic era is something the world is paying close attention to. What will the global logistics situation look like at that time? Of the innovations and shifts adopted during the pandemic, which ones will persist and impact international shipments? This article will answer them one by one.
Agree