This year has been a year of change to society in so many ways. The megatrends
that have shaped our automotive industry development over the past few years
are taking on a new importance. With the dramatic drop in emissions during the
stay-at-home orders around the world and a broad consumer acceptance to
changing the way we interact, the opportunity for future mobility use cases is
Consumer interest in a greener, cleaner, safer future is going to help
redefine industry objectives. NXP is set on a clear path that focuses on
Vision Zero: zero emissions, zero accidents and zero time wasted. For the
electrified vehicle market, a notable boost has come from renewed government
incentives to continue to tackle pollution. In China, the subsidy scheme will
now run through 2022 with an extension to the New Energy Vehicle mandate,
while in Europe the CO² emissions standards have been reworked. More
than that, emblematic figure-heads for climate change have made public
awareness around greener living more attainable and more attractive.
Which Energy to Use?
A frequent detracting argument for electric vehicles is over the increased use
of electricity for slow-charging. The counter point to this is the reduction
in gasoline and diesel displacement and the resulting decrease in CO²
With more than 2 million sales, electric vehicles made up 2.6% of the global
car sales in 2019. Another big step from the previous year.
A sensitive area that hasn’t been favorable to EV adoption is the scale
of the electric charging infrastructure. Desperately inadequate for mass
adoption, the majority of the 7.3 million chargers worldwide are privately
owned.1 Whilst the necessity of having home charging is clear, the
convenience and reassurance of widespread charge points is unavoidable.
Battery Pack Evolution
Through all this, the challenge for the automotive industry is to find the
path to make electric vehicles more profitable than ICE models. The sticking
point here is the balance between the size and cost of the battery pack and
the consumer acceptance for the vehicle range on a single charge. The unit
cost of the battery pack and manufacturing capacities is key to the expansion
of the electric vehicle market.
The challenge to accelerate electric vehicle adoption and find a simple phase
over to more electrified propulsion domains is common across the industry. At
NXP, our portfolio for electrification solutions is continuing to expand. Find
out more and watch
Global EV Outlook 2020