Electric vehicles (EVs) are nearing a turning point as changing consumer attitudes, improved battery economics, broader access to charging infrastructure, and stricter regulatory policies all present growth opportunities. However, the transition to electric propulsion sets to transform mobility industries and the transport sector globally.
Today, cities already account for 50% of the world's population. An additional 2.5 billion people will live in cities by 2050, increasing energy demand and the need for transportation of people and goods. As a result, cities and suburbs will be noisy, congested and prone to smog. This is, even more, the case in densely-populated metropolitan areas in emerging countries, such as Beijing, Delhi and Mexico City. They all suffer from congestion and poor air quality.
The challenge to develop and produce EVs on a large scale, quick and cost-competitive are complex, as an EV is not just another vehicle. Requirements are different, new vehicle architectures are needed and novel components and technologies have to be selected, tested and integrated. As all of these aspects are new, a high level of co-creation will be expected of system integrators. OEM's, Tier-1's and new entrants are fighting for their positions in the future ecosystem. They all need partners to fulfill their goals in time, quality and cost.
The development and spread of e-mobility are bringing us much more than increased comfort and quality of life. It also has to be seen as a way to meet our responsibility to cut down CO2 emissions in order to fight global warming and keep the world a habitable place. Download this paper to read more.