Aluminum demand will also get a substantial boost as EVs grow in popularity and vehicles get lighter. Other changes over the standard model are the addition of a 30 litre storage space under the bonnet – space liberated by the lack of an engine – and the latest iteration Volvo’s Pilot assist technology, which offers a small degree of autonomy when driving on motorways. Receipt and review of this information constitutes your agreement not to redistribute or retransmit the contents and information contained in this communication without first obtaining express permission from an authorized officer of J.P. Morgan. As more vehicles add sensors for advanced driver assistance features (ADAS), they won’t operate unless they’re kept clean. Please review its terms, privacy and security policies to see how they apply to you. Here are our highlights of the latest electric vehicles (EVs) available to order now and in the near future, ordered by expected release date (though not all dates have yet been confirmed). Vehicle Miles Traveled (VMT) is 3.25 trillion annually in the U.S. and is growing at about 1% year over year.

One of the beneficiaries of electrification will be tires, with multiple positive tailwinds: cars are driven more each year. This section also provides the scope of different segments and applications that can potentially influence the market in the future. By continuing to browse you consent to our use of cookies. However, unlike the combustion-powered XC40, the P8 model makes 408hp from its twin-electric motors, and is capable of getting to 62mph from a standstill in a very brisk 4.9 seconds. This includes integrated Google Maps and it can receive automatic wireless updates, ensuring your car is up to date for years to come. Retroactive dual-credit policies announced in March are pushing manufacturers to have a larger proportion of NEVs in their production portfolio. Projects like this are helping drive us to a future of electric cars and their accessible charging points. Electric cars may be the future, but are they more fault prone than their petrol and diesel counterparts? Currently, there are over 255,000 electric cars on the UK’s roads. The report offers in-depth assessment of the growth and other aspects of the Low Speed Electric Car market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Aperia Technologies, another of our tire investments, can auto-inflate commercial tires from inside the wheel itself. Although the electric car has existed for over a century, popularity has certainly spiked more recently. Moving 12-Month Total Vehicle Miles Traveled, U.S. Department of Transportation Traffic Trends. https://www.autocar.co.uk/car-news/new-cars/vws-2019-electric-vehicle-paris-motor-show-reveal, https://www.wired.co.uk/article/frankfurt-motor-show-2019-electric-cars, https://www.ft.com/content/30f7e328-8372-11e8-96dd-fa565ec55929, http://www.northernpowergrid.com/news/northern-powergrid-gets-hands-on-in-preparation-for-increased-electric-vehicles, https://www.zap-map.com/statistics/#region, http://www.northernpowergrid.com/news/northern-powergrid-and-nissan-sign-industry-leading-partnership, https://www.autocar.co.uk/car-news/industry/uk-has-more-ev-charging-stations-petrol-stations. Revised subsidy schemes for 2018 also mean certain models will reach price parity after discounts this year. Global Low Speed Electric Car Market: Competitive Landscape.

Technology is likely to drive down the profits of those traditional areas — consider how a thin film or hard coating might mean fewer sprays of fluid and fewer passes of a wiper blade — but will increase overall the total amount of profit potential across the whole vehicle.

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