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: Apr 26, 2022 Source :TechNews, Source :Analytics Insight

Further reading

You might also be interested in ...

Headline
Trend
What You Must Know: Global Commitment to Carbon Neutrality
In recent years, the extreme climate has intensified and the natural disasters have continued to be tragic. People all over the world have seen it, and related carbon reduction issues have resurfaced. Net Zero, Carbon Neutral, and Carbon Negative have become Popular keywords of the year, but do you really understand?
Headline
Trend
Will Micro LED Replace LCD and OLED?
The industry defines different LED technologies according to the size of the LED chip. For example, when the size of the LED chip is less than 150 μm, it is called a mini LED; and when the size of the LED chip is less than 50 μm, it is called a micro LED. As the size of backlight LED chips becomes smaller and smaller, the structure of the display panel also changes accordingly.
Headline
Trend
Germany Machine Tool Market Pulse and Industrial Application
Germany is the second-largest producer of machine tools in the world, after China. From the advanced German machine tool technology, to explore the development of the machine tool market.
Headline
Trend
The Future Development Trend of the Bicycle Industry
Electric bikes are one of the keys to the future of transportation, with more electric bikes sold in the U.S. in 2021 than electric and hybrid vehicles combined. The global bicycle market size is expected to grow by 38% by 2024.
Headline
Trend
New Trends in Technological Agriculture - Towards Agriculture 4.0
With the development of digital technology and the impact and challenges of climate change, the smart agriculture application market has gradually grown in recent years.
Headline
Trend
Understand 5G At Once! Three Major Features: High Speed, Low Latency, Multiple Connections
5G technology will power a wide range of future industries from retail to education, transportation to entertainment, and smart homes to healthcare. It will make mobile more essential than it is today. What is 5G? What are the industry applications of 5G technology?
Headline
Trend
Analysis of the Global Sports Industry - Sports Trends and Business Opportunities in the Post-Epidemic Era
The sports industry was hit by the epidemic from the beginning, and then the whole industry began to transform. Whether it is the fitness industry or the sporting goods industry, the original business and sales models have changed.
Headline
Trend
Weak Demand for Consumer Electronics, Ease the Shortages of Supply Chain!
In the first half of 2022, the consumer electronics market is affected by home economics, the epidemic in China, international tensions, and high inflation. In addition to the traditional off-season, the demand for related applications such as PCs, laptops, TVs, and smartphones has cooled significantly.
Headline
Trend
What is Supply Chain Management (SCM)?
Supply chain management (SCM) is the management of the flow of goods and services and includes all processes that transform raw materials into final products. It involves the active streamlining of a business's supply-side activities to maximize customer value and gain a competitive advantage in the marketplace.
Headline
Trend
Taiwan Hand Tools Industry for the Next Decade
The island's hand tools sector is a centralized industry hub located in central Taiwan, where big-name companies, small-and-medium enterprises across upstream and downstream, and subcontractors co-exist together to fulfill the world's hand tools orders. All are factors and advantages in international policies that Taiwan's hand tool industry maintains could hit NTD$140 billion in 2021 as of writing. The current trajectory would ensure continued growth for at least another decade.
Headline
Trend
What is the Future of the Bicycle Industry?
In recent years, the USA bicycle industry has experienced a slow, steady growth amid a series of disruptions. Between 2014 and 2019, dollar sales grew at a compound rate of 3 percent. With each passing year, consumers spent more, propelling impressive investment in burgeoning new segments such as gravel, Ebikes, composite bikes, event bikes, and kids’ bikes. At the same time, ongoing structural shifts spurred digital distribution models also garnering a share of overall revenues.
Headline
Trend
Medical Plastics Provide Innovation and Breakthroughs for the Medical Device Industry
Plastic rubber has long been one of the important raw materials for medical equipment and pharmaceutical packaging. With the vigorous development of the industry, various high-performance plastics and technologies for medical devices have emerged. In addition to traditional medical plastics, such as PP, PVC, PE, and silicone rubber, which are commonly used in the medical device industry, some high-performance materials are important materials to promote the development of the medical device industry.
Agree