How EVs Are Disrupting a Century-Old Industry

Electric VehiclesHigh Tech / High Touch
Written By Jennifer Joslyn

🔋 How EVs Are Disrupting a Century-Old Industry.

The future looks challenging for companies that manufacture parts for internal combustion engines as revenues for such components are expected to decline by 44% through 2027. On the other hand, revenues for electric drivetrains and batteries or fuel cells are predicted to rise significantly, up to 245%, according to the 2023 Deloitte Automotive Supplier Study. As the automotive industry shifts towards electric vehicles (EVs), the supply chain is also undergoing a transformation. Traditional internal combustion powertrains consist of around 2,000 parts, while EV powertrains have significantly fewer parts, around 20 or even less.

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Biden Administration's New EV Tax Credit Rules Impact Eligible Models
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Biden Administration Implements Rules to Limit China's Role in U.S. Electric Vehicle Supply Chain
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Werner Enterprises Takes a Cautious Approach to Electric Truck Adoption
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Germany's New Car Registrations Soar in August, with Plug-in Electric Vehicles Leading the Charge
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Tesla and Hilton Partner to Install 20,000 EV Charging Stations at 2,000 Properties Across North America
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China Surpasses Japan as Largest Auto Exporter, Fueled by Electric Vehicle Growth
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Toyota's Technological Breakthrough Aims to Halve Battery Weight, Size, and Cost, Potentially Transforming Electric Vehicles

Toyota has announced a significant breakthrough in battery technology that could revolutionize the electric vehicle (EV) industry.

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The Economic and Social Implications of the Radical Embrace of Electric Vehicles

The radical embrace of electric vehicles (EVs) and the ban on traditional cars may have unintended consequences for the economy and affordability of transportation.

Jennifer Joslyn
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