Global Electric Vehicle (EV) Market Trends

Despite the Covid-19 pandemic and supply chain issues (including semiconductor chip shortages), there have been record-breaking sales of electric vehicles (EVs) for a variety of reasons.

The market for EVs is growing swiftly. Sales of electric vehicles made up 9% of the global auto market in 2021, a four-fold increase from their market share in 2019.

Electric vehicles accounted for the entire net increase in worldwide auto sales in 2021. Sales were strongest in Europe, where they grew by two-thirds year-over-year to 2.3 million and where they quadrupled compared to 2020 to 3.3 million.

In 2021, China and Europe together accounted for more than 85% of all electric vehicle sales.

Keep reading to learn all about the latest trends in the EV market and how modern AOI solutions are impacting it.

EV Design

Native EV systems have been shown to be superior to non-native models in several areas, despite larger initial investments in the form of engineering hours, additional equipment, etc.

Fewer constraints and greater flexibility are often achieved by designing the vehicle architecture totally around an EV idea and removing any combustion-engine legacy components. Innovation in the overall design of EVs has greatly contributed to their rising popularity.

Furthermore, we are beginning to see early signs that EVs are moving toward behaviours often found in mass-market ICEs, such as providing powertrain alternatives, as battery technology advances swiftly, enabling the newest EVs to have ranges that are no longer a bottleneck.

This is also greatly aided by the native EVs’ built-in flexibility. For instance, variable drivetrain technology enables manufacturers to create rear-wheel, front-wheel, and all-wheel drive on a single platform while maintaining the same outward design of the battery packs.

Due to technical breakthroughs and the mass manufacture of EV batteries in vast quantities, the cost of EV batteries has declined over the last ten years. As EV batteries are one of the costliest parts of the car, this has resulted in a fall in the price of EVs.

Impact of Sustainability Goals

By 2030–2050, countries all around the globe will have established goals to decrease car emissions. They have begun pushing the growth of the EV sector, its sales, and the associated infrastructure for charging them.

For instance, to develop infrastructure for electric vehicles, such as charging stations, the US government spent USD 5 billion on the business in 2017.

The adoption of EVs is being encouraged by several countries via a variety of incentives, including cheap or no registration costs and exemptions from import taxes, sales taxes, and road charges.

Impact of Sustainability Goals

By 2030–2050, countries all around the globe will have established goals to decrease car emissions. They have begun pushing the growth of the EV sector, its sales, and the associated infrastructure for charging them.

For instance, to develop infrastructure for electric vehicles, such as charging stations, the US government spent USD 5 billion on the business in 2017.

The adoption of EVs is being encouraged by several countries via a variety of incentives, including cheap or no registration costs and exemptions from import taxes, sales taxes, and road charges.

Benefits of Automated Optical Inspection (AOI) in EV Components

Modern AOI solutions and AOI machines are being implemented in numerous industries to streamline manufacturing procedures and maximize quality. AOI machines are also used in the manufacturing of EV components to get various benefits such as:

1. Quality Enhancement

The EV components must be of the best possible quality to ensure maximum efficiency and safety of the vehicle. Automotive solutions are critical in ensuring maximum consistency during the manufacturing process, which also enhances their quality.

2. Better Reputation

A company that implements modern AOI solutions can provide high-quality and reliable EV components. This means they will have minimum defects, which will lead to maximum customer satisfaction.

Therefore, the manufacturing company will have a great reputation due to the usage of AOI machines.

3. Save Time and Cost

Manual inspection, especially of complicated EV components, can be highly time-consuming and inefficient. You can save a significant amount of money by relying on AOI machines for automatic inspection and removing defective components.

4. Remove All Defects

Manual inspection is highly limited when it comes to detecting and eliminating different types of defects. Automated optical inspection, on the other hand, has wide-ranging capabilities of removing all kinds of defects and mistakes from the design.

In Closing