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Veena Parthan
Veena Parthan
22 Feb 2022

The World’s Energy Diet Shifts into Electrification

In the last two years, businesses worldwide faced several challenges and have had to make many adjustments to survive and grow, there were a few who took this situation to their advantage and exceeded their targets which include online movie streaming platforms, the pharma industry, and the EV sector. A glance into the EV sector in 2020 confirms that, globally, there were around 10 million electric cars on the road and government subsidies were one among the several specifics for this sudden spike in consumer spending on EVS. Climate Group, an international non-profit organization, had reported the lack of charging ports as the top hurdle for EV adoption. But this issue will be resolved with the projections of the worldwide EV charging market to increase at a Compounded Annual Growth Rate (CAGR) of 44.1% from 2022 to 2027 and will gradually wipe fuel-powered vehicles off the roads. With vehicle manufacturers bending their expertise towards electrifying their models and with start-ups contributing their technology and service towards electrification, the world’s energy diet will soon witness a fruitful revolution.

There are several models of electric vehicles available in the market, promising excellent aerodynamic performance. For example, Audi has come up with its first fully electric car E-tron which is stated by aerodynamic development manager, Moni Islam, to be ‘the most aerodynamic Audi model of all time in this vehicle class.’ With a speed of about 43.5 mph, clever aerodynamics have helped in keeping the resistance and inertia in second place, delivering a high-efficiency prototype that can cover 400 kilometers in one battery charge, overcoming all odds to increase the range of electric cars.

We also have the Tesla Cybertruck, an electric pickup truck, that is expected to be out in the market by 2023. This truck has dimensions similar to those of the Ford F150 pickup truck and can accommodate 6 people and a 6.5-foot bed. The body of the Cybertruck is made from stainless steel and closely resembles the look of a transformer vehicle. The Cybertruck offers a speed of 130mph and can tow trucks that weigh more than half a ton. Autonomous driving options can be availed for this truck at an additional price.   

With so many new models of EVs in the market, let’s have a look at how start-ups in the EV sector are impacting the automotive industry.

1. Enevate, US-based Lithium-Ion Manufacturer                                                                              

This start-up uses silicon-based anodes instead of graphite, increasing the energy density and reducing the time it takes for charging the batteries.

2. ZPN Energy, UK-based Energy Storage Solution

They offer energy storage solutions that can provide 50 kilowatts of direct current charging and ensure ultrafast charging with their patented power booster embedded in the storage solution.

3. Spark Horizon, French-based EV Charging Solution

Spark Horizon provides free electricity for EV drivers by monetizing their solution using AI-powered advertisements for brands.

4. Dox, US-based Predictive Analytics platform for Batteries

Their battery predictive analytics provide failure alerts, alarms for maintenance, and analytics on battery performance and management, reducing sudden battery failures and inventory costs.

5. EkoRent, Finnish Electric Car Rental Service

Their application allows users to book electric cars at affordable rental rates. They also offer their expertise in EV charging station projects.

Changes are inevitable in a fast-paced world that is driven by technology. Energy drives technology and it is on us to drive the energy towards a circular economy. Vehicle manufacturers and EV start-ups are doing their part by taking their initial steps towards electrification - installing EV charging ports, manufacturing high-performance batteries, and providing other services that promote EV adoption. Let’s do our part!

For thermal management of EVs using CFD technology, watch the webinar - Optimizing Thermal Management Design of Electric Vehicles Using CFD Simulation

Tags:
  • Automotive |
  • Tesla Cybertruck |
  • Electrification |
  • Audi |
  • electric vehicles |
  • autonomous driving |
  • Audi etron |
  • Electric Car Rental |
  • tesla |
  • Lithium-Ion Batteries |
  • battery |
  • Energy storage |