The EV industry presents major changes in the New Year

After a successful year for electrification, the EV industry takes to the fore in 2023 as a year for innovation, growth, and sustainable transformation

Consultants are making their predictions and key businesses in the electric vehicle (EV) sector are poised and ready to facilitate their plans for the year ahead. So, what will 2023 look like for electrification? 

Currently, EVs are outselling their internal combustion engine (ICE) counterparts, but that’s not to say there won’t be significant challenges down the road. Innovation is required to facilitate a sustainable shift in mobility, organisations must recognise the challenges that lay ahead, and energy prices could play a significant role in the industry’s progress over the next 12 months. 

EY’s Mobility Lens Forecaster shows EVs dominate automotive

This is an exciting time for the automotive industry, but also one of high competition and a shifting culture that will determine how carmakers, and even technology firms, will bring new vehicles into the market. 

EY’s Randall ‘Randy’ Miller, Global Advanced Manufacturing & Mobility Leader, provided comment on these shifts along with the release of the professional services firm’s Mobility Lens Forecaster.  

Aqua Metals’ sustainability milestone in lithium recycling

The lithium refining process was historically carried out with the use of harsh chemical processes, fossil fuel power, and high-temperature furnaces, but Aqua Metals has built an alternative recycling facility, powered by electricity, to procure precious lithium resources. 

ABB releases new home charger and critical EV market data

ABB showcased the new solution at one of the most prestigious technology events of the year, CES, which will showcase more automotive-related technologies than ever before. But that’s not all. The technology developer also commissioned research that taps into the consumer mindset and provides valuable insights into the preferences of electric vehicle (EV) drivers—as well as those willing to make the switch. 

Electric vehicles are only as clean as their suppliers

Switching to electric vehicles (EV), in the long term, is better for the environment. On average a typical passenger car, powered by an internal combustion engine (ICE), releases 4.6 metric tons of CO2 into the atmosphere per year. Switching to EVs effectively reduces these exhaust emissions to zero.

Tyres could save electric vehicle drivers miles at Christmas

According to the quality tyre manufacturer Michelin, drivers of electric vehicles (EVs) could save money by using EV-specific tyres. Analysis by the company suggests that drivers are unaware that such tyres exist, which presents a benefit to them. 

Around 72% of drivers admit they didn’t know about EV tyres and, as a result, Michelin says 8.3 million battery miles could be gained in the process, which is equivalent to 25.7 miles for each EV on the road.

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