Looming Aggressive Government Deadlines for Zero Emission Vehicles Underscore the Immense Scale of Challenges Facing Automakers and Suppliers to Deliver 45 Million EVs in 2030
The European Union will soon require all cars sold from 2035 to be zero emissions. China's goal is for 50% of cars sold in 2035 to be new energy vehicles. The United States is aiming for 50% of sales in 2030 to be electric vehicles (EVs). With deadlines looming around the world to ban new sales of Internal Combustion Engine vehicles, and to prepare to deliver 45 million EVs in 2030 and 71 million in 2035, the automotive industry must promptly address a myriad of challenges, including scaling production, bringing down costs, optimizing battery lifecycles, increasing charging convenience, and managing the introduction of a significant new load to the grid. As the EV market is relatively immature, global technology intelligence firm ABI Research has launched a new Electric Vehicle research service to provide automotive industry players, innovators, and suppliers with actionable research and strategic guidance to tap into this rapidly expanding industry. "ABI Research's Electric Vehicle research service focuses on EV trends and technologies in passenger, commercial, and two-wheel vehicles. From scaling production to optimizing operation, and facilitating end-of-life, the Electric Vehicle research service will provide holistic coverage of the new materials, chemistries, software, and services powering the zero-emission vehicle revolution," states James Hodgson, Principal Analyst and EV research lead at ABI Research.