Electric Mobility Trends & Analysis
Follow PSR’s ongoing global coverage of eMobility across a wide range of segments, including electric cars, commercial vehicles, electric motorbikes and e-buses.
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Global Electric Scooter Market Could Reach $56B in 2033
GLOBAL REPORT
Michael Aistrup The global electric scooter market is growing at a rate that will enable it to surpass $56 billion by the end of 2033, according to a forecast by. Power Systems Research. The forecast predicts a projected growth rate of 9.72% by 2033.
This high growth rate is attributed to the rising demand for electric vehicles because of the increasing worldwide population.
An Electric Vehicle (EV) is a vehicle that runs on electricity/battery power. Electric vehicles have low running costs due to fewer moving parts and are environmentally friendly as they use little or no fossil fuels. Some EVs use lead-acid or nickel-metal hydride batteries, but lithium-ion batteries are now used in battery-powered electric vehicles for their long life, excellent energy storage, and low self-discharge rate.
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Kia Plans Customer Specific EVs
FAR EAST: SOUTH KOREA REPORT
Kia is pursuing its own EV strategy centered on specific applications such as delivery vehicles and cabs. The company is jointly developing delivery vehicles with Korea’s largest online retailer, Coupang, and customer specific EVs will account for 1 million of the 1.6 million EV sales target for 2030. A dedicated plant will also be built in the suburbs of Seoul.
The company and Coupang will develop vehicles with increased cargo capacity and refrigerated and frozen interior equipment, with the assumption that only one driver will be on board. Coupang will have its own distribution center and delivery vehicles for high-speed delivery and will hire drivers directly. Coupang has indicated that it plans to operate 10,000 EV delivery vehicles in the future.
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Honda Plans Personal Electric Motorcycles
JAPAN REPORT
Honda said it plans to produce a motor-driven electric motorcycle for individuals in Japan by the end of 2023. This will be the first time Honda produces a product for the public in Japan.
Overall, Honda said it plans to launch more than 10 models of electric motorcycles worldwide by 2025. Their goal is to increase overall sales, including pedal-powered and electric bicycles, mainly in China and India. The company plans to increase its sales to 3.5 million units worldwide by 2030, more…
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Global ICE Industry Cliff Is Here
This article includes an important graph showing vehicle production numbers between 2015 and 2026, (projected for 2023–2026) which are based on historic BEV growth data and trends. Hybrids are lumped in with ICE cars and are shown as a preference over full BEVs which is clear in the data.
The chart shows that the overall auto industry has declined from its peak in 2017–due to the pandemic and chip shortage–before it started to recover in 2021. This chart/model is conservative in predicting industry growth at 1.6% y/y going forward and BEV growth at 50% for 2023 (average BEV growth was 57% for the past 7 years)
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Nikola Plans To Develop Hydrogen Fuel Network
The lack of a refueling infrastructure is one of the largest challenges facing H2 development, so Nikola plans to start building a hydrogen fuel network. The network would make it possible for H2-powered vehicles to refuel conveniently, particularly when those vehicles are the company’s own trucks.
The company has already started the construction of H2 plants in order to produce the H2 necessary to supply the hydrogen fuel network. Once those are in place and the refueling stations are built, it will become feasible for companies to begin including H2-powered trucks in their fleets.
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Has Battery Recycling Arrived Too Soon?
There is a recent report from the Washington Post with a scary title: “EV Battery Recycling Has Boomed Too Soon.” There aren’t enough used electric vehicle batteries to meet even 10% of the raw material demand for electric vehicles made in the US, the Washington Post says.
Meanwhile, the US already has more battery recycling capacity than it has batteries available to recycle, with more public and private battery recycling facilities planned or under construction. The Post concludes its report with this pithy statement: “Many of these investments are destined to fail. Those few that succeed will do so only by diversifying away from recycling, at least temporarily.”
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Lithium-Air Battery Could Offer Longer Range
Most owners of electric cars have wished for a battery pack that could power their vehicle for more than a thousand miles on a single charge, and Range Anxiety is a big issue for EV adoption. Researchers at the Illinois Institute of Technology (IIT) and U.S. Department of Energy’s (DOE) Argonne National Laboratory have developed a lithium-air battery that could make that dream a reality.
The main new component in this lithium-air battery is a solid electrolyte instead of the usual liquid variety. Batteries with solid electrolytes are not subject to the safety issues of liquid electrolytes used in lithium-ion and other battery types, which can overheat and catch fire.
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Alternative Power Report, March 2023
Hydrogen power continues to be a hot topic as an alternative power source, as you’ll see when you read the March 2023 issue of the Alternative Power Report from Power Systems Research. Development of the charging infrastructure is a hot topic, too, as we see with the article on Subway tying its sandwich shops in with charging stations. PSR
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240 Ton EV Mining Truck Can Charge in 30 Minutes
Guy Youngs A 240-ton mining haul truck is being fitted with a 1.4 megawatt-hour (MWh) prototype battery system that global green energy company Fortescue has developed with equipment maker Liebherr.
UK-based engineering company WAE Technologies, (acquired by Fortescue in March 2022), completed and delivered the battery system to Fortescue’s workshop in Perth, Australia. The battery will be assembled and installed in the mining haul truck before it's transported to the Pilbara in Western Australia for…
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Global Motorcycle Market Grows at 5.48% Rate
GLOBAL REPORT
Michael Aistrup The global motorcycle market is growing at a healthy CAGR of 5.48%, according to Power Systems Research. Revenue for 2021 was approximately $107.1 Billion and projected to be $146.6 Billion by 2030.
Growth during this period is primarily due to increasing demand from China, India, and ASEAN countries. In addition, growth in traditional markets such as Europe and North America is also anticipated.
The growth of drivers for the Motorcycle industry come from the requirement for cost-effective private transportation among people around the world.
Forecast Data
Looking for historical, current and forecast production volume data? Battery Electric Commercial Vehicle data can be found in our CV Link™ databases. OE Link™ is PSR’s database covering the production of original equipment.
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