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In this blog post, we will overview the electric vehicle (EV) industry in 2024. We will explore the current EV market, the future of the EV industry, future EV technologies to watch, and investment opportunities.
Current EV Market Penetration & Sales
- Current EV Market Penetration & Sales
- Geographical Adoption by Region
- Status of Charging Infrastructure (Speed/Availability/Reliability)
- Challenges to be Overcome
- Should Focus be on US, International, or both?
The EV Industry: Where we are headed by 2030
- EV Sales
- Increasing as costs come down and charging options improve
- Price parity by 2025-30
- More Software-Defined Vehicles – EVs run by software, not hardware – central processing vs multiple processors
- Battery Production – prices steadily decreasing
- Battery Technology – range improvements
- Charging Infrastructure – more and faster chargers
- Battery Recycling – improves as more EVs reach end-of-life
Future EV Technologies to Watch
- Simplified EV Assembly Techniques (such as Tesla’s “unboxed” technique)
- Solid State Batteries – another step change in reducing EV cost
- Inductive Charging – eliminates the need to plug in EVs to charge, can be used in parking lots/structures or in streets
- In-Roadway Charging – could eliminate the need for large battery packs in EVs
- Battery Swapping – could eliminate range anxiety, faster than charging
Investment Opportunities in the EV Field
- EV Startups
- Battery Manufacturers
- Battery Technologies
- Electric Motors & Drivetrains
- Charging Infrastructure
Contract Manufacturers (asset-light approach) - Chinese EV Manufacturers who set up factories offshore to avoid tariffs (happening in Mexico)
- V2G Technology (communication between vehicles and traffic infrastructure)
