ELECTRIC VEHICLES AND THE FUTURE OF THE AUTOMOTIVE INDUSTRY
Changing Landscape of the Automotive Industry
Although the last 50 years have seen advances in the automotive industry, any new technologies and manufacturing changes have occurred relatively slowly across similar platforms, undertaken by similar companies. However, this looks set to change with development increasing in pace, not just for passenger cars but across the whole transport industry.
As electrification becomes mainstream, there are a number of ground-breaking changes all happening at once. These changes are not just technological, as electric vehicles move to replace internal combustion engines, but also impact ownership models as car ownership becomes less aspirational and fully autonomous vehicles move closer to becoming a reality. Indeed, ARM estimate that driverless cars will replace current vehicles by 2027.
These changes will create a range of challenges, including light-weighting and safety issues, even as electric vehicles look set to offer a number of benefits, not least environmentally.
The widespread adoption of electric vehicles is not only providing challenges for existing automakers, but is also creating lanes for new companies to enter into the market.electric vehicle news Tesla, for example, have positioned themselves strongly in the electric vehicle market as an early adopter of TWI’s .
These changes in the automotive sector mean that new parts and materials are in demand, not just when it comes to batteries to power the next generation of vehicles, but right across vehicle manufacture.
There are also issues of scale to consider. For example, the UK currently makes around 2 million engines per year, but to replace these with batteries would require 20 billion welds just to join the battery cells.
However, TWI can help address many of the challenges faced by auto manufacturers through the application of existing and new technologies.