Powering Progress: The Intersection of Energy Innovation and Electric Vehicle Market Dynamics

A Market Analysis of Energy Trends and Private Consumer Electric Vehicle Adoption.

Key Takeaways

• Innovations in energy storage and management are largely intertwined with the EV (Electric Vehicle) market as major countries transition toward increased dependence on renewable energy sources.

• Industry standards for charging infrastructure are critical to consumer satisfaction and widespread adoption (maintenance, repair, ease of use, education, safety). Tesla’s charging plug is poised to become the industry standard for consumer vehicles in the United States.

• Ancillary EV markets that support battery life, testing and stability will see increased demand (e.g. thermal management systems, electrolyte additives, battery testing, and battery recycling).

• Bidirectional charging can provide energy security during peak demand to reduce the burden on the grid.

• The near future of electricity supply will continue to be diverse but the energy source requiring the least processing and regulation will win out in the long term.

• Diversification of renewable energy sources is not only important for energy security but is essential for national security as energy companies see a rise in cyber threats.

• Decentralized - recyclable storage solutions (used batteries) are urgently required to meet the rising energy demands of EV charge stations on grids that cannot integrate new connections due to necessary upgrades.

• The hydrogen gold rush is leading to renewed interest in hydrogen-powered technologies by several companies and should lead to increased infrastructure around fuel-cell electric vehicles (FCEVs).

• FCEV demand will match and possibly be greater than battery electric vehicle (BEV) demand.

Download the report