Mexican Media Brands
Europe’s EV Motor Market to Grow 50% Annually
Demand among European carmakers for traction motors for hybrids and electric vehicles will surge from $70 million in 2010 to $1.6 billion by 2017, predicts Frost & Sullivan.
#hybrid
Share
Demand among European carmakers for traction motors for hybrids and electric vehicles will surge from $70 million in 2010 to $1.6 billion by 2017, predicts Frost & Sullivan. It expects unit sales in Europe will reach 2.6 million units by then.
The market research firm's London office notes that some carmakers are working with multiple motor suppliers, and others are using only one. It says 30%-40% of carmakers that currently outsource motors plan to eventually make their own units.
In the short term, Frost & Sullivan says EV system developers will be in high demand by carmakers for help with integrating electric powertrains into their vehicles. Longer range, the firm says that function will shift to tier one suppliers. It predicts that carmakers will continue to buy modules and components from suppliers even after they establish their own motor development expertise.
Frost & Sullivan notes that demand for traction motors is being driven by tightening European emission standards.
RELATED CONTENT
-
What the VW ID. BUGGY Indicates
Volkswagen will be presenting a concept, the ID. BUGGY, a contemporary take on a dune buggy, based on the MEB electric platform that the company will be using for a wide array of production vehicles, at the International Geneva Motor Show.
-
About the 2020 Lincoln Aviator
Successful vehicles tend to be those that are available on a global basis, and increasingly, those vehicles tend to be in the SUV segment writ large.
-
Chevy Develops eCOPO Camaro: The Fast and the Electric
The notion that electric vehicles were the sort of thing that well-meaning professors who wear tweed jackets with elbow patches drove in order to help save the environment was pretty much annihilated when Tesla added the Ludicrous+ mode to the Model S which propelled the vehicle from 0 to 60 mph in less than 3 seconds.