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Electric vehicle

Electric vehicle

Vehicle 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 from 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, but not limited to, 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 of 1828-1835. When the first ideas for creating battery-powered electric vehicles were emerging in Europe and the United States, horse and buggies were the primary modes of transportation. The first electric vehicle was an electric carriage made by a British inventor named Robert Anderson around the year 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 19th 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 for creating the first successful electric vehicle in the United States. 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 to several automakers in the United States beginning 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 60 vehicles.

Electric vehicles were most popular in cities and were outselling gasoline-powered vehicles, due to their ability to be recharged relatively cheaply and the ability to reach the desired destination within city limits without needing to recharge compared to suburban or country dwelling electric vehicle owners. 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 produced 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% 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 style 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 companies

Sub-industry categories

Electric vehicle batteries

Electric vehicles rely on batteries which are capable of driving long distance, 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 which 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 startups and 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 27.7 billion USD by 2027, compared to 2.5 billion USD in 2019.

Electric boats

Electric boats and watercraft offer a zero-emission, wave-less, 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 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 sales are 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, bus fees and reduce their carbon footprints, without the physical demands of a standard bike or scooter.

Electric personal use vehicle manufacturing and parts companies

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 electric vehicles 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.

Timeline

People

Name
Role
LinkedIn

Further reading

Title
Author
Link
Type
Date

A Brief History and Evolution of Electric Cars

Web

July 1, 2020

Has the electric car's moment arrived at last?

Web

January 22, 2021

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Technavio
May 5, 2021
www.prnewswire.com:443
/PRNewswire/ -- The "Hybrid and Electric Vehicle On-Board Charger Market by Type and Geography - Forecast and Analysis 2020-2024" report has been added to...
Niraj Chokshi
May 4, 2021
www.nytimes.com
Buying an electric car can be exciting and bewildering. Consider what kind of car you want and need and where you will charge.
iQSTEL, Inc.
April 29, 2021
www.prnewswire.com:443
/PRNewswire/ -- iQSTEL, Inc. (USOTC: IQST) today announced that iQSTEL CEO Leandro Iglesias has joined the advisory board for Revolt Token (RVLT). RevoltTOKEN...
Research and Markets
April 27, 2021
www.prnewswire.com:443
/PRNewswire/ -- The "The Asia-Pacific Electric Vehicle (EV) Battery Swapping Market, 2020" report has been added to ResearchAndMarkets.com's offering. The...
Technavio
April 22, 2021
www.prnewswire.com:443
/PRNewswire/ -- The "Electric Vehicle Charger Market" report has been added to Technavio's library which consists of more than 17000 reports from 150+...
Technavio
April 21, 2021
www.prnewswire.com:443
/PRNewswire/ -- The "Electric Vehicle Charging Infrastructure Market" report has been added to Technavio's library which consists of more than 17000 reports...
Research and Markets
April 9, 2021
www.prnewswire.com:443
/PRNewswire/ -- The "Future Skateboard & Platform Architecture Strategies of Electric Vehicle (EV) Companies, 2021 Research Report" report has been added to...
MarketsandMarkets
February 2, 2021
www.prnewswire.com:443
/PRNewswire/ -- According to the new market research report "Electric Vehicle Charging Station Market by Level of Charging (Level 1, Level 2 & Level 3, By...
FinancialNewsMedia.com
December 10, 2020
www.prnewswire.com:443
/PRNewswire/ -- The rise of the rare earth metals market continues to move upward as it parallels the recent and future upticks of the Electric Vehicle (EV)...
Jason Cartwright
November 30, 2020
techAU
Delivering the best of technology news from Australia and around the globe since 2006.
Research and Markets
November 24, 2020
www.prnewswire.com:443
/PRNewswire/ -- The "Automotive Interior Market by Component (Seat, Interior Lighting), Material (Glass Composite, Carbon Composite, Metal, Vinyl, Fabric),...
Allied Market Research
November 9, 2020
www.prnewswire.com:443
/PRNewswire/ -- Allied Market Research published a report, titled, "Brake System Market by Product Type (Disc Brake, Drum Brake, Hydrostatic Brake, Hydraulic...
Jason Cartwright
January 16, 2020
techAU
Delivering the best of technology news from Australia and around the globe since 2006.
MarketsandMarkets
September 17, 2019
www.prnewswire.com:443
CHICAGO, Sept. 17, 2019 /PRNewswire/ -- According to the new market research report "Electric Vehicle Charging Stations Market by Charging Station (AC Charging...

References

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