2022 is the year that tram has entered the mainstream. Not everyone has one, but buying an EV no longer makes you an exception. Driven by policy initiatives from governments and billions of dollars in investments from automakers, it can be said that the electric vehicle industry has begun to take shape.
Over the next year, that landscape will grow beyond the background of 2022. Here are some of the best predictions for what you can expect.
There will be a race to sell US-made electric cars in the first quarter
The Inflation Reduction Act, which the Biden administration passed in August, has had a huge impact on the electric vehicle industry as automakers work to bring their supply chains and factories ashore. But with certain aspects of the IRA EV tax credit rule now delayed until March 2023, we expect EV sales to pick up in the first quarter of the year.
Under the bill, eligible electric vehicles could qualify for a $7,500 tax credit if they meet the requirements to be built in North America and source critical battery materials from the United States or other countries countries have a free trade agreement. Those rules went into effect on January 1, 2023, but the Treasury Department delayed guidance on the key materials rule until March. And that’s also a good thing. While automakers race to set up factories in the US by 2022, most of the key materials still come from China, so it takes time (perhaps years) to establish the chain. new supply.
The delay means that all North American-made cars will be eligible for a full refund, at least for the first three months of the year. The biggest winners will probably be Tesla and General Motors, which had limited sales under previous EV tax incentives, will be exempted in the new year. But others like Ford, Nissan, Rivian and Volkswagen all already have a line of NA-built electric vehicles ready to reap the benefits.
Even more electric car models and sales
Electric vehicle sales in 2022 are pretty much dominated by who you’d expect: Tesla’s Model WILLY and 3, chevrolet‘s Bolt and Ford’s Mustang Mach-E. Against that backdrop, nearly every automaker, whether a long-established OEM or a startup, has unveiled an impressive range of electric vehicles for the 2023 market. Most of them, however, are geared toward high end consumers. In the coming year, we will see more new models out which is much more affordable.
In addition, expect the number of new electric vehicles on the market to increase as new factories come into operation. McKinsey guess Used car manufacturers and EV startups will produce up to 400 new models by 2023.
All New Models Coming Soon Will Make Tesla Money, Predicted Shahar Bin-Nun, CEO of Tactile mobile, an AV sensor technology company. Bin-Nun said he expects Tesla to still dominate the U.S. electric vehicle market in 2023, but Ford, Hyundai and that will follow closely behind as they increase their lineup and production capacity.
We can also expect the used electric vehicle market to grow by 2023, which will make it easier for lower-income people to buy a zero-emission vehicle.
Software-defined media will really prevail
Every automaker talks about “software-defined vehicles” throughout 2022 as a concept inherently associated with electric vehicles. In 2023, we’ll really get a chance to see what that means.
General Motors, for example, will launch Ultifi early next year, an end-to-end vehicle software platform that promises OTA software updates, cloud connectivity, and vehicle-to-everything communication. Ultifi will be a place where drivers can buy apps, services and features — it’s an example of how automakers are increasingly trying to personalize vehicles to individual needs. .
Will White, co-founder of Mapbox, an online map provider, says this personalization will likely lead to an increase in in-car subscription-based services.
“We will also continue to see high demand for convenience-based services like in-car payments, where consumers will have their credit cards on file in their apps,” said White. to pay for everything related to cars.
On the back end, software-defined media will also jump to the metaverse. In 2022, a host of automakers, including Jaguar Land Rover, Nio, Polestar, Volvo and XPeng, announced plans to build software-defined vehicles on the Drive Orin system’s chip. Nvidia. Automakers in 2023 will also rely on Nvidia Omniverse platform upgrade, which is to revolutionize everything from vehicle design to the automotive product cycle. Using technology like this, automakers will increasingly build digital twins for both their vehicles and their manufacturing facilities to emulate everything from in-vehicle software upgrades arrive crash test to plant efficiency.
Invest more in proper charging
JD Power analysts are expecting electric vehicle market share in the US to reaching 12% next year, up from 7% now. If you narrow it down to consumers who actually have access to electric vehicles, that market share is really like 20%.
Whatever the number, the fact remains that we will see millions more electric vehicles hit the streets of the United States next year. That means all the backend services needed to keep them up and running will need to be beefed up.
By 2023, it is expected to see investment — from governments, utility companies and the private sector — in charging infrastructure, energy storage, and energy transmission.
Ensuring a smooth EV transition is more than just building more EVs charger, though granted, it’s a really important part. Charger maintenance will also be a priority next year. A separate study by JD Power earlier this year found that not only is the availability of public charging still an obstacle, but often when you find a charger, it’s already broken. We anticipate a number of technologies, from beginners or existing EV charging players, to help manage charger maintenance, servicing and upgrades.
Likewise, throughout 2022, every few months a startup or utility company speaks out that the grid will never be able to handle all the electric vehicles that we will ever see. see in 2023. They may be right. So in addition to energy management infrastructure, we expect to see more software that connects vehicles to the grid.
only one some pilots in 2022many of which have been focused on V2G technology at home. by Ford F-150 Lightning pickup trucks are one of the few vehicles that promise to power your home in the event of a power outage. But we think as more fleets of electric vehicles grow, we’ll start to see those pilots happen in commercial environments on a broader scale.
The rise of electric vehicle fleets
We’ve seen many fleet operators start using electric vehicles by 2022, as they aim to meet whatever carbon emissions target they have set for themselves. For example, Hertz plans to buy 65,000 Polestar vehicles, 100,000 Teslas and 175,000 Synthetic Engines over the next few years to achieve the goal of having 25% of the fleet all electric by the end of 2024.
In 2023, those purchases will only increase, especially as commercial electric vehicle manufacturers bring their production lines to life.
GM For example, BrightDrop recently inaugurated CAMI . assembly plant in Ontario, it is expected to produce 50,000 Zevo delivery trucks by 2025. BrightDrop has received more than 25,000 pre-orders from customers like DHL and FedEx that are working towards a net zero goal.
Another commercial EV company, Canoo, has a plan buy a vehicle manufacturing facility in Oklahoma City to ramp up production of Lifestyle Delivery Vehicles and bring those electric vehicles to market next year for committed customers like NASA and Walmart.
