Acquired Electronics360

Technology

Global Production of Electric Vehicles to Surge 67 Percent This Year

17 February 2014

Driven by tighter emission standards in Europe, worldwide production of electric vehicles (EVs) will soar by 67 percent this year, according to IHS Automotive, driven by Polk.

Total production of EVs—both pure electric models and plug-in hybrid electric vehicles (PHEVs)— is projected to rise to more than 403,000 this year, up from slightly more than 242,000 in 2013, as presented in the figure. Growth will accelerate sharply from the 44 percent increase in 2013, based on data from the new IHS Automotive Hybrid-EV Portal.

Global electric vehicle production forecastGlobal electric vehicle production forecast

The huge increase in the EV market this year contrasts with the 3.6 percent rise in global manufacturing of all motor vehicles expected in 2014.

The Europe, Middle East and Africa (EMEA) region will account for the largest share of production at more than 40 percent, with the Americas and Asia-Pacific each making up about 30 percent. In particular, European emissions standards are tightening in the second half of this year with the implementation of the European Commission’s Euro 6 legislation. At the same time, European automakers are introducing compelling new EV models, such as the BMW i3. These factors will boost EV demand and manufacturing in Europe in 2014.

The boom in production is the most significant of 10 predictions being issued by IHS Automotive concerning EVs in 2014. The other nine predictions are:

  • This year will offer more choices for consumers who are considering buying EVs. Battery electric vehicles from the German carmakers including the BMW i3, Volkswagen’s e-Up!, the Mercedes-Benz B-Class Electric and Audi’s A3 e-tron plug-in hybrid are welcome additions to the current lineup of electric propulsion vehicles in 2014. More product availability and greater choice will help widespread adoption of EVs.
  • The global installed base of EV charging stations is set to reach more than 1.1 million units worldwide by the end of this year. Although most of the installed base is for domestic charging, almost 35,000 charging stations are expected to be installed this year in the public or semipublic domain.
  • This year will see the worldwide rollout of public “trio” chargers—large, imposing metal boxes containing power elecronics and three connector types—that comply with the AC-Type 2 Mode 3, DC-CHAdeMO and DC-CCS standards. These public infrastructure solutions have complete compatibility with all EV models, although coming at a price for charge-station owners.
  • Business conditions in 2014 will be tough for companies that manufacture AC charging stations. Pricing for domestic AC charging stations is decreasing and starting to reach commodity levels. Margins are low and are expected to become smaller, resulting in an unviable business case.
  • In 2014 and the coming years, automakers will deliver concept and production EVs with large batteries that have capacities of approximately 40 kilowatt hours (kWh), which equates to at least a 150-mile range. Lithium-ion battery prices are decreasing as a result of the price war between LG Chem, the battery supplier to the Chevrolet Volt; and Panasonic, the battery supplier for Tesla’s Model S. Because of this, carmakers can afford to put larger batteries into their vehicles and reduce range anxiety.
  • Suppliers and original equipment manufacturers (OEM) are expected to demonstrate more energy-and fuel-saving technologies this year. Ford has presented its C-MAX Solar Energi Concept, which uses a solar panel on the roof of the car. With the help of a solar concentrator, enough energy can be drawn from the sun in a day to equal a four-hour battery charge equal to 8 kWh. Bosch has developed a new start/stop system that shuts off the engine when the car is coasting, delivering fuel savings of up to 10 percent. Technologies like this could bring internal combustion engine (ICE) vehicles closer to the energy-saving benefits of hybrid electric vehicles.
  • Public charging-station operators and owners will continue to struggle to make a profit on electric vehicle charging in 2014. Although electric vehicle production is slowly increasing and is closer to reaching the expectations of five years ago, there aren’t enough grid-dependent vehicles on the road yet to generate large revenues from public charging. Other forms of revenue generation will need to be implemented this year by operators and owners, such as advertisements on charging stations using integrated liquid-crystal display screens.
  • This year will be important for new energy vehicles (NEVs)—i.e., EVs, PHEVs and fuel cell cars—in China with deployment of these vehicles driven by government policy. In Beijing, for example, the city aims to limit new-vehicle sales to curb pollution while simultaneously increasing deployment of NEVs. The city plans to deploy a total of 170,000 NEVs from 2014 and 2017, with 20,000 NEVs introduced in 2014.
  • The price of EVs is expected to decrease in 2014, as more OEMs enter the market place. EV legislation or incentives in new regions may also be possible this year.


Powered by CR4, the Engineering Community

Discussion – 0 comments

By posting a comment you confirm that you have read and accept our Posting Rules and Terms of Use.
Engineering Newsletter Signup
Get the Engineering360
Stay up to date on:
Features the top stories, latest news, charts, insights and more on the end-to-end electronics value chain.
Advertisement
Weekly Newsletter
Get news, research, and analysis
on the Electronics industry in your
inbox every week - for FREE
Sign up for our FREE eNewsletter
Advertisement

CALENDAR OF EVENTS

Date Event Location
30 Nov-01 Dec 2017 Helsinki, Finland
23-27 Apr 2018 Oklahoma City, Oklahoma
18-22 Jun 2018 Honolulu, Hawaii
Find Free Electronics Datasheets
Advertisement