Electric vehicles

Not long ago it was just dreams. Small internal-combustion aircraft provide taxi services, serve the declining market for private flying and a few other needs. Some are over 30 years old because total cost of ownership is an issue. Designing electric replacements seemed like entering a dust bowl.

How do you leapfrog Tesla? How do you avoid failure in the car industry when global sales decline? A whole world of new technologies and new markets awaits at the IDTechEx Business & Technology Insight Forums on "Electric Vehicles and Energy Storage" in Novi Michigan 10-12 June.

Huge companies make traction motors for electric vehicles. After all, as the IDTechEx report, "Electric Motors for Electric Vehicles: Land, Water, Air 2019-2029" details, every EV has at least one traction motor and increasingly they have many, including one electric aircraft with no less than 36.

Plug-in electric cars are forecast by IDTechEx to sell over 25million units per year in 2029 making up around 30% of total sales by that point. However, electrification does not stop at cars; buses, trucks, construction, mining, two-wheelers, boats, aircraft, and more are all progressing towards electric drive. This combined market shift makes the technologies enabling this transformation a key battleground with plenty to win and lose.

The new IDTechEx report, "Electric Vehicles 2020-2030" is the most thorough on the subject with 100 categories forecasted by number and market value and many newly-revealed trends and predictions.

The supercapacitor market has bottomed out and is now into a sustained period of strong growth. Recent actions of three giant companies not usually associated with supercapacitors illustrate why.

Solid state batteries have been considered as the avenue to the next generation energy storage solutions. According to IDTechEx's research "Solid-State and Polymer Batteries 2019-2029: Technology, Patents, Forecasts, Players" www.idtechex.com/solid.

Plug-in electric cars are forecast by IDTechEx to sell over 25 million units per year in 2029 making up around 30% of total sales by that point. However, electrification does not stop at cars; buses, trucks, construction, mining, two-wheelers, boats, aircraft, and more are all progressing towards electric drive. This combined market shift makes the technologies enabling this transformation a key battleground with plenty to win and lose.

The future is coming early for electric vehicles. The new IDTechEx Research report "Electric Vehicles 2020-2030" is based on analysis of no less than 100 sectors to 2030. IDTechEx has studied and forecasted EVs for over 20 years. It has 15 PhD level analysts, including 4 who are Chinese, deployed globally, mostly multi-lingual and the discoveries here are sometimes surprising.

Like most other new products, electric vehicles sell in an S curve of a slow start with over supply.