The Emergence of Electric Vehicles and Opportunities for Manufacturers
The Rise of Electric Vehicles and Manufacturer Prospects
As consumer preferences lean increasingly towards cleaner, more efficient vehicles, the EV market is experiencing unprecedented growth. Traditional auto giants and emerging startups alike are retooling for electric production.
This market segment represents a significant opportunity for innovation and growth — a space where KLINGER IGI’s expertise in precision parts manufacturing and custom fabrication services will help our clients thrive. At the same time, we’re looking at the “why” behind electric vehicles: Why are they important, and what will convince people to adopt new technologies?
EV Adoption and Growth
The electric vehicle (EV) sector is experiencing a surge in growth and adoption. This trend reflects not just consumer preferences but also a strategic response to environmental goals set by businesses and governments worldwide.
This increasing adoption of EVs has led to a corresponding rise in demand for specialized components that are integral to their function:
- The chassis of EVs must be designed to accommodate the unique weight distribution and space requirements of electric batteries.
- The powertrain is central to the performance and efficiency of EVs.
- Demand for advanced electronic systems, crucial for the operation and safety of these vehicles, is also growing.
A key driver of this growth is corporations’ commitment to reducing their carbon footprint. A prime example is UPS’s ambitious target to convert 40% of its delivery fleet to alternative fuel vehicles by 2025. Such initiatives aren’t just environmentally motivated. They represent a strategic shift in operational models, aligning with increasing regulatory demands and a growing consumer preference for sustainable practices.
The Evolving Supply Chain for EVs
As the automotive industry accelerates its shift towards electric vehicles, it’s sparking a parallel transformation in supply chain dynamics. This transition is not just about replacing internal combustion engine (ICE) vehicles with EVs; it’s about understanding the nuanced differences and similarities in their component needs, and how supply chain companies can adapt and thrive in this changing landscape.
The need for batteries, electric motors, and advanced electronic components is on the rise, creating a burgeoning market for manufacturers capable of producing these high-tech parts.
ICE vs. EV
While the propulsion systems of ICE vehicles and EVs differ significantly, other components find common ground in both types.
Thermal management systems, essential in ICE vehicles to regulate engine temperature and cool driver/passenger controls and displays, are equally vital in EVs, where they are repurposed to maintain optimal EV battery and electronic system temperatures.
Similarly, electromagnetic interference and radio-frequency interference reduction solutions, crucial for ensuring the smooth operation of vehicle electronics and wireless technologies, are just as relevant in EVs, given their reliance on sophisticated electronic systems for propulsion, navigation, and entertainment.
Continued Demand for Non-Propulsion Components
The EV sector’s demand for non-propulsion components such as brake pads, tires, and molded interiors remains robust. This continuity presents a silver lining for supply chain companies, allowing them to leverage their existing manufacturing capabilities and expertise while transitioning to support EV production.
Aerospace Breakthroughs and Cross-Pollinations
Recent advancements in the aerospace sector, such as the certification of air taxis in China, provide valuable insights that could benefit EV and eVTOL (electric vertical takeoff and landing) programs. KLINGER IGI, an AS9100D quality manufacturer, is at the forefront of this crossover, offering its custom fabrication services for aerospace and automotive applications. Also, the several advancements in composite manufacturing and processing equipment are revolutionizing the creation of lightweight, precision parts both in the skies and on the roads. As electronics propulsion, powertrains, controls, and power storage systems are developed in the aviation market, those lessons learned and resulting products will naturally have applications in EV design and manufacturing.
Independence with Autonomous Electric Vehicles
The EV industry is poised to offer unprecedented levels of independence and accessibility to people who have been underserved by conventional transportation systems.
Imagine the satisfaction and joy of people who can’t drive having the ability to go wherever and whenever they want — without a lot of assistance, scheduling delays, and cost. Autonomous vehicles can enhance participation in employment, education, and social activities. That’s a future that we support.
While technology is growing in this sector, safety and safety testing will need to grow along with it.
Precision Manufacturing’s Role in the EV Revolution
The increasing adoption of EVs, driven by environmental initiatives and technological advancements, is reshaping both the personal and commercial transportation sectors. The emergence of autonomous EVs promises enhanced safety, reduced operational costs, and improved accessibility, particularly for individuals with disabilities.
Interested in learning more? Discover how KLINGER IGI’s specialty material selection and precision parts manufacturing are helping to drive the future of transportation, contributing to a world that values sustainability, efficiency, and innovation.
References
https://www.cnbc.com/2023/07/31/how-evs-are-upending-the-100-year-old-auto-supply-chain.html
https://www.reuters.com/business/autos-transportation/startups-with-electric-vans-race-fill-demand-zero-emissions-delivery-2023-09-18/
https://www.theverge.com/2023/10/17/23920594/air-taxi-trials-certification-china-ehang-holdings
https://www.uta.edu/news/news-releases/2023/06/15/davidson-uav-manufacturing