Composites World: Opportunities and Challenges for Composites in Electric Vehicles
One key climate action goal enacted by global leaders to mitigate the adverse effects of climate change is the switch from gasoline-powered vehicles to electric vehicles (EVs). With vehicles contributing to almost a third of global emissions, the solution may provide some level of relief. In recent years, growth of EVs has seen an upward trajectory, and they have received an unequivocal response from customers worldwide. Globally, several countries have set ambitious targets to add EVs to their fleets, which would result in EVs holding 32% of total automobile sales globally by 2030.
Though showing promising emissions reduction advantages, there are clearly several challenges that have restricted the widespread adoption of EVs so far by consumers. The first and most prevalent challenges are with range limits and concerns about vehicle value that customers associate with current EVs on the market. As per a survey by Alix Partners (2019), 67% of customers are looking for an EV that is cost equivalent to a gas-powered vehicle.
This article was originally published in Composites World and can be read here.