Why electric vehicles are set to become a permanent fixture
In its infancy just a few years ago, the electric vehicle market is now taking off. Its growth is enjoying traction from technological innovations created by specialists like Mersen.
Electric vehicle market trends
With 3.1 million units sold over the year, the electric vehicle market (all-electric or plug-in hybrid) grew by 50% in 2020, despite the unprecedented context.
And its momentum doesn’t look likely to stop anytime soon, since sales are predicted to reach up to 35 million units – roughly 30% of the automotive market – by 2030.
It must be said that today’s environmental challenges will inevitably sharpen appetites for less polluting and more planet-friendly transportation. But the numerous technical challenges have forced manufacturers to take things step by step before embarking on mass production.
The things that have held back more widespread adoption in recent years are electric vehicles’ short ranges and the lack of charging infrastructure, plus, more generally, battery safety issues.
The future of EV
Going forward, electric vehicles will no longer be confined to small city cars used simply to run errands or take the kids to school.
Improved performance means growth among all automakers and all segments, from sports cars to trucks, buses and premium cars in the coming years.