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Electric vehicle

Electric vehicle

An electric vehicle is a method of transportation propelled by one or more electric motors.

Overview

Electric vehicles (EVs) use one or more electric or traction motors for propulsion and include road, rail, aircraft, spacecraft, above-water, and underwater vehicles. EVs are powered by either electricity contained within the vehicle itself or externally supplied power sources. EVs may be equipped with batteries, solar panels, fuel cells, or electric generators for converting fuel into electricity.

EVs generally consist of a basic series of components to function, including a battery, charge port, DC/DC converter, electric traction motor, onboard charger, power electronics controller, thermal cooling system, traction battery pack, and electric transmission.

History

The original idea for creating an electric vehicle is debated but is commonly attributed to a set of independent innovators located in the United States, the Netherlands, and Hungary during the years 1828-1835. When the first ideas for creating battery-powered electric vehicles were emerging in Europe and the United States, horse-and-buggy was the primary mode of transportation. The first electric vehicle was an electric carriage made by a British inventor named Robert Anderson around 1832. The vehicle was unreliable and not fit for any practical uses beyond a proof of concept.

Worlds first electric vehicle

Progress on electric vehicle technology stalled from 1832 until the second half of the nineteenth century when French and English inventors began creating the first practical electric road vehicles.

William Morrison, a chemist living in Des Moines, Iowa, is credited with creating the first successful electric vehicle in the United States, around 1890. The vehicle held six passengers and had a top speed of 14 miles per hour. Morrison’s electric vehicle sparked a growing interest in electric vehicle production, leading several automakers in the United States to make their own electric vehicles. A few years after Morrison’s electric vehicle launched, New York City had a fleet of electric taxi cabs consisting of more than sixty vehicles.

Electric vehicles were most popular in cities and were outselling gasoline-powered due to their ability to be recharged relatively cheaply and the ability to reach the desired destination within city limits without needing to recharge like suburban or country-dwelling electric vehicles would. Electric vehicles were also easier and more environmentally friendly to drive compared with the first initial gasoline-powered vehicles that required drivers to change gears, start with a hand crank, and produce a lot of noise and pollution.

The first mass-produced electric vehicle was the Studebaker Electric, sold and developed by the Studebaker Brothers Manufacturing Company of South Bend, Indiana. The car was sold from 1902 until 1912.

By 1900, approximately a third of all vehicles on the road worldwide were electric, and electric car sales continued to grow over the next decade until Henry Ford began mass-producing the gasoline-powered Ford Model T in 1908.

Four Phase Systems, Inc. AL-1 8-bit computer processor slice. Design commenced in October 1968. Final working devices March 1969. Lee Boysel
Technology breakthroughs

Electric vehicles regained relevance in the marketplace due to the invention of metal-oxide-semiconductor (MOS) technology. Mohamed M. Atalla developed the MOS transistor in 1959, leading to the development of microprocessors at Hitachi, Intel, and others. The single-chip microprocessor vehicles reduced power losses, improved handling, and reduced retail prices.

The development of the lithium-ion battery is another technological breakthrough that has contributed to the resurgence in electric vehicles, with a larger energy bank making long-distance travel possible.

Battery costs tend to make up a significant cost in a battery-powered electric vehicle (BEV), which makes competition to create a cheaper, better battery profitable. The cost of electric vehicle batteries has fallen over 87 percent since 2010 on a kilowatt-hour, with the drop in price creating more affordable electric vehicle options in the marketplace.

Electric vehicle manufacturing

There are a number of companies producing electric vehicles, from mainstream producers to small businesses creating made-to-order vehicles. Tesla, by market value and vehicle output, is the largest electric-only car maker; however, a number of car manufacturing incumbents known for gasoline and diesel engines have made their way into the electric vehicle market.

Original equipment manufacturing (OEM) for electric vehicles

Tier 1 electric vehicle parts and equipment manufacturing

Sub-industry categories
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Electric vehicle batteries

Electric vehicles rely on batteries that are capable of driving long distances, and as a result, there is healthy competition to create better batteries. Lithium-ion batteries make up the majority of the marketplace, due to larger charging banks that allow further distance between charges. As of 2018, commercially available electric vehicles were capable of driving 250 miles per charge, with the battery needing to be replaced, at a minimum, every eight years or 100,000 miles.

Electric vehicle conversion

Electric vehicle conversion is the conversion of a standard combustible engine on any given vehicle being converted to electric or hybrid functions. Various companies have been developed to convert pre-existing gas/diesel-powered vehicles to electric or hybrid engines.

Electric charging

As electric vehicles enter the market at an increasing rate, there is a greater public need for electric charging stations. These stations, similar to conventional gas stations, offer electrical power for a fee to recharge the vehicle during trips away from a home charger. The charging station market has been growing at an unprecedented rate due to private and public investment and is projected to reach USD$27.7 billion by 2027, compared with USD$2.5 billion in 2019.

Electric boats

Electric boats and watercraft offer a zero-emission, waveless, and noiseless alternative to traditional boat technology. Electric boats sometimes offer autonomous driving, eliminating human error in the water and reduce harmful chemicals entering the water cycle.

Electric aircrafts

Electric aircraft are available in the form of unmanned aerial vehicles (UAV), also known as drones, but there is also a push by private businesses to create electric passenger planes in the upcoming years. Electric aircraft offer reduced noise, cost savings, and reduction of emissions, making them an enticing technology for businesses and consumers. Cost efficiency would help alleviate pilot shortages by lowering expensive pilot training and open up the realisticness of short-distance flying.

Electric personal-use vehicles

Electric personal use vehicles, including scooters, skateboards, and bicycles, are experiencing sales at an all-time high, with growing popularity. Electric personal vehicles are effective for urban transportation, allowing people in cities a compact and easy-to-use alternative to public transportation or a car. These vehicles allow consumers to avoid the costs of parking and bus fees and reduce their carbon footprints without the physical demands of a standard bike or scooter.

Electric vehicle networking and communication

Electric vehicles are entering the market at a growing rate, creating an opportunity for an electric vehicle fleet to communicate and reduce overall energy expenditure. Many electric vehicles offer autonomous capabilities, enabling them to work in sync to detect and react to hazardous conditions and obstacles across an entire network. These opportunities pose a technological challenge and market competition to create an effective, efficient, and safe communication system between electric vehicles.

Further Resources

Title
Author
Link
Type
Date

A Brief History and Evolution of Electric Cars

Web

July 1, 2020

Electrified - The Current State of Electric Vehicles Documentary

Web

December 27, 2019

Has the electric car's moment arrived at last?

Web

January 22, 2021

The Best Electric Car Documentaries You Must Watch

Daniel Calo

Web

August 6, 2020

The Electric Vehicle Revolution - BBC Click

Web

November 24, 2020

News

Title
Author
Date
Publisher
Description
August 25, 2021
Moneycontrol
Prime Venture Partners will look to make 15 to 20 investments through this fund and will expand its investments into decentralized finance/cryptocurrency, electric vehicle and gaming infrastructure.
SpendEdge
June 29, 2021
www.prnewswire.com:443
/PRNewswire/ -- The Electric Vehicle market is poised to grow by USD 275.22 Billion, progressing at a CAGR of almost 20.39% during the forecast period. Receive...
Research and Markets
June 23, 2021
www.prnewswire.com:443
/PRNewswire/ -- The "Usage-Based Insurance Market for ICE & Electric Vehicle by Package (PAYD, PHYD, MHYD), Technology (OBD-II, Black box, Smartphone,...
BS Reporter
June 4, 2021
@bsindia
Pandemic has propelled Indias $194 bn outsourcing industry towards carbon neutrality with hybrid working models, e-mobility and digital disruption for campus hiring
SpendEdge
May 24, 2021
www.prnewswire.com:443
/PRNewswire/ -- The "Electric Vehicle Market" report has been added to SpendEdge's library which is trusted by more than 100 CPOs and 500 category managers who...
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References

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