TimesEV
TimesEV
TimesEV
TimesEV
TimesEV
TimesEV
More
    HomeEV NewsEV battery pack shipments to jump in 5 years

    EV battery pack shipments to jump in 5 years

    A new study from Juniper Research has found the volume of electric vehicle battery pack shipments will reach 30 million in 2027; from just 10 million in 2022. The research identified falling vehicle costs, often directly caused by government subsidies, and increasing awareness around the environmental impact of current mobility services as key drivers behind the growth in electric vehicle battery production.

    The research predicts that this growth will be strongest within the commercial segment, with commercial electric vehicle battery pack shipments growing from 1.4 million in 2022 to over 7 million by 2027. Mass electrification of fleet vehicles is required for meeting corporate decarbonization goals and will drive investment into electric vehicles from enterprises. In turn, this provides an opportunity for manufacturers to develop batteries designed for energy-intensive commercial use cases.

    Electric Vehicle Battery Pack

    The research predicts that for electric vehicles to reach mass adoption across commercial use cases, including heavy goods haulage and passenger transport, scaling the production of new battery technologies is essential. This includes solid-state batteries and new chemical mixes.

    “Developing longer range vehicles by leveraging higher capacity battery packs will be critical to meeting expectations that foster commercial vehicle electrification, but will require extensive investment to develop new battery pack technologies,” said research co-author Damla Sat.

    “The most pressing issue for electric vehicle adoption is the rare earth minerals required in battery production, including cobalt, which is difficult to source, in terms of both cost and the ethics around procurement,” the report mentioned.

    Accordingly, the research recommends that manufacturers must rapidly move to new, higher capacity technologies including solid-state batteries to unlock energy-intensive use cases. The report however cautioned that changes in technologies must continue to prioritize the sustainability goals electrification is based upon.

    Related Post

    Most Popular

    Best Picks

    Aimil Ltd.: Setting the Benchmark for Instrumentation Solutions at Auto EV India 2023

    Aimil Ltd., an ISO 9001:2015 certified company with a heritage tracing back to 1932, holds a prominent position as a leading provider of cutting-edge...

    Electrify Your Future: A Thriving Career in the E-Mobility...

    In an era where sustainability and innovation reign supreme, the E-Mobility sector has emerged as the driving force behind a transformative shift in the...

    X0115ML, the smallest SCR now supports a surge peak...

    Author: STMicroelectronics The X0115ML is our first compact silicon control rectifier (SCR) for ground fault circuit interrupters (GFCIs) and arc-fault circuit interrupters (AFCIs) that can withstand a...

    Exploring the Future of Electronics: Unveiling the Power of...

    In a recent interview conducted by technology journalist Himanshu Vaibhav of eletimes.com and timesev.com, Dr. John W. Mitchell, President & CEO of IPC, discussed...

    Navigating Defense Challenges: Insights from Chris Peters, USPAE Founding...

    In a recent interview conducted by technology journalist Himanshu Vaibhav from eletimes.com and timesev.com, Mr. Chris Peters, the Founding Executive Director of the U.S....

    Driving Innovation: Cientra’s Leadership in Automotive and Telecom Technology...

    Cientra stands as a prominent leader in the realm of technology solutions. Consistently, they innovate and advance their proprietary technologies to cater to the...

    STM32Wx microcontrollers is an ideal fit for RF designers...

    The STM32Wx microcontrollers enable wireless connectivity supporting the sub-GHz band and the 2.4 GHz frequency range. STM32 Wireless MCUs are highly integrated and reliable...

    Veridify, Overcoming the challenges of OT security in building...

    Despite popular belief, it is possible to secure legacy embedded systems properly, even if they lack today’s iron-clad cryptographic capabilities, the latest protections, or...

    Tsuyo’s Vision for Future Manufacturing: Incorporating Emerging Technologies and...

    Tsuyo Manufacturing is deeply committed to offering highly reliable, robust, and durable products designed to withstand a wide range of exposure and service conditions...

    Must Read