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Electrification beyond cars

IDTechEx reveals the future of the automative industry

Dr James Edmondson & Shazan Siddiqi
22 November 2023
Electric vehicle sales and battery demand to 2026. Source: IDTechEx
Global charging infrastructure installations. Source: EVCIPA (China), EAFO (Europe), AFDC (US). Compiled by IDTechEx. Data shown as of April 2023.
Global charging infrastructure installations. Source: EVCIPA (China), EAFO (Europe), AFDC (US). Compiled by IDTechEx. Data shown as of April 2023.
Target timelines for eVTOL companies looking to begin commercial production. Source: IDTechEx chart based on 29 company announcements
Target timelines for eVTOL companies looking to begin commercial production. Source: IDTechEx chart based on 29 company announcements
Almost all OEMS are developing a zero on-road emission truck. Successful deployment will rely on understanding customers` duty cycle and charging patterns to optimize the battery size. Source: IDTechEx chart based on OEM data
Almost all OEMS are developing a zero on-road emission truck. Successful deployment will rely on understanding customers` duty cycle and charging patterns to optimize the battery size. Source: IDTechEx chart based on OEM data

 

2023 has proven another momentous year for the electric vehicle (EV) market. 2022 saw electric car sales rise by 62% compared with 2021.

Research organisation IDTechEx estimates that 2023 will see global sales rise by another 16%. Growth in 2023 was somewhat hampered by the poor performance of plug-in hybrids (PHEVs) in Europe in the first half of 2023, with subsidy phase-outs in Germany. However, even with less aggressive growth than previous years, many will agree that EVs are the future,...

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