The dawn of the new decade brought new technologies that pioneer humanity’s transition to battery-powered transportation. Countries continue to incorporate initiatives for going green. Energy utility companies invest in energy projects that innovate revolutionary vehicle technology to support the shift from gasoline to battery-electric mobility. Recently, a report documented a strategy for electrifying the transportation sector, considering all the three modes of transport; land, sea, and air. The IDTechEx’s report, known as the Electric Vehicles: Land, Sea, and Air 2021-2041, identifies the primary areas of focus for EV development. The factors considered in the documentation include the volume of unit sales, market demand for batteries, sizing the EV market, etc.
The 20-year plan elaborates on strategic steps that the EV industry should take towards encouraging the initiatives for zero-emission mobility and economic sustainability. Every chapter of the report summarizes each vehicle subsegment’s primary trends and drivers, including cars, vans, buses, trucks, etc. and the supporting technologies such as producing an electric motor and lithium-ion batteries. The research document provides a vivid understanding of battery demand, the ever-growing EV market, and market segments’ sizes.
The first chapter looks at two-wheeler electric vehicles, focusing on electric cars to achieve urban mobility in the United States and Europe. The two-wheelers or E2Ws in Asia’s eastern region are dominated by motorcycle transportation, a more affordable and reliable mobility mode. The next chapter outlines the various types of electric cars, including the Battery-Electric Vehicle or the BEVs and the Plug-in Hybrid Electric Vehicles or the PHEVs. Experts say that the BEV is the ultimate approach to achieving zero-emission mobility. The cars a fully electric, and every car system relies on power from the massive battery installed on the vehicle’s chassis. The consumer demand for luxury and low-end EVs increased in the past five years. Residents in urban centers and metropolitan areas opt for small automobiles to ease mobility in regions of high population.
There is a segment that documents the potential for electric trucks and buses. The technology will evolve medium and heavy-duty trucks to introduce electric trucks to the consumer market. State governments recognize the impact of air pollution on human health. Fossil-fuel-powered trucks contribute to high carbon emissions. Automakers anticipate that electric buses will cut down the emissions levels in urban settlements.
The report introduces a new line of EVs; passenger boats and cargo ships powered by battery-electric technology. Moreover, the EV industry plans to develop its first-ever electric aircraft to eliminate massive aircraft engines’ environmental pollution. In summary, the next two decades promises the production of safer and more reliable and affordable electric vehicles for future mobility to run an emission-free business economy.