Smart E-Drive Market Opportunities & Forecast To 2030 - PowerPoint PPT Presentation

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Smart E-Drive Market Opportunities & Forecast To 2030


Globally, the European region is expected to lead the smart e-drive market in the coming years. – PowerPoint PPT presentation

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Title: Smart E-Drive Market Opportunities & Forecast To 2030

Smart E-Drive Market Opportunities, Growth,
Challenges, Business Trends and Forecast 2030
According to the International Energy Agency
(IEA), the total number of battery electric
vehicle (BEV) cars and BEV vans will rise from
6,850,327 units in 2020 to 79,975,992 units by
2030 and 427,525 units in 2020 to 11,041,648
units by 2030, respectively. Furthermore, the
organization also forecasts that the stock of
plug-in hybrid electric vehicle (PHEV) cars and
PHEV vans will expand from 3,346,713 units in
2020 to 44,355,904 units by 2030 and 8,384 units
in 2020 1,959,625 units by 2030, respectively.
The burgeoning penetration of electric vehicles
(EVs) and hybrid vehicles is expected to
strengthen the smart e-drive market in the
foreseeable future. The rising shift toward EVs
and hybrid vehicles can be primarily owed to the
surging need to reduce the level of greenhouse
gases (GHGs), which are largely emitted by
vehicles. For example, the U.S. Environmental
Protection Agency estimates that on-road vehicles
emitted 1,512.7 teragrams of carbon dioxide
equivalent (Tg CO2 Eq) of CO2, 32.7 Tg CO2 Eq of
hydrofluorocarbons (HCFs), and 9.3 Tg CO2 Eq of
nitrogen dioxide (N2O) in the U.S. in 2019.
Moreover, the toughening vehicle emission norms
will also result in the widescale adoption of
smart e-drive features in the forthcoming years.
For instance, the European Commission enforced
the Regulation (EU) 2019/1242 to set CO2 emission
standards for heavy-duty vehicles manufactured
after 14 August 2019. Additionally, the
regulation also encompasses a mechanism to
incentivize the purchase of zero- and
low-emission vehicles (ZLEVs), in a
technology-neutral manner. Likewise, in October
2020, the Government of Australia released two
drafts on the possible introduction of Euro 6
vehicle emission standards in the country.
Besides, the improving EV charging
infrastructure will also encourage the uptake of
smart e-drive technology in the upcoming years.
As per the IEA, the number of fast public
electric light-duty vehicle chargers in Europe
and China grew from 24,700 in 2019 to 38,300 in
2020 and 214,700 in 2019 to 309,000 in 2020,
respectively. It further states that the number
of slow public electric light-duty vehicle
chargers in China and Europe surged from 301,200
in 2019 to 498,000 in 2020 and 187,300 in 2019 to
247,800 in 2020, respectively. Request to Get
the Sample Report https//
All-wheel drive (AWD), rear-wheel drive (RWD),
and front-wheel drive (FWD) systems offered by
Magna International Inc., Hyundai Mobis Co. Ltd.,
BorgWarner Inc., Robert Bosch GmbH, Continental
AG, Infineon Technologies AG, GKN plc, Siemens
AG, AISIN SEIKI Co. Ltd., Hitachi Ltd.,
Schaeffler AG, MAHLE GmbH, and ZF Friedrichshafen
AG are used for e-axle and wheel drive
applications. In recent years, AWD gained
prominence over RWD and FWD due to the rising
need for better acceleration, traction, and
towing capabilities in multi-utility vehicles
(MUVs) and sport-utility vehicles (SUVs).
Globally, the European region is expected to
lead the smart e-drive market in the coming
years. This will be on account of the burgeoning
demand for EVs and hybrid vehicles and toughening
vehicle emission norms in the region.
Additionally, the presence of prominent
automotive original equipment manufacturers
(OEMs) such as ZF Friedrichshafen AG, Robert
Bosch GmbH, and Continental AG and the rapid
expansion of charging infrastructure will also
facilitate the adoption of smart e-drive features
in European countries. Thus, the soaring number
of EVs and hybrid vehicles and the increasing
implementation of stringent emission control
norms will result in the widescale usage of smart
e-drive features.
  • This study covers
  • 1. Historical and the present size of the Smart
    E-Drive Market
  • 2. Historical and the present size of the market
    segments and understand their comparative future
  • 3. Potential of on-demand logistics services, so
    the market players make informed decisions on the
    sales of their offerings
  • 4. Competitive scenario of various market
    segments across key countries in several regions
    for uncovering market opportunities for the
  • Major players operating in the market and their
    service offerings
  • Browse More Related Reports
  • Electric Vehicle Industry Projected to Garner
    Significant Revenue
  • Electric Mobility Market Evolving Opportunities
    with Top Key Players, 2030

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