New competitors join the future competition to develop new opportunities in mobility, energy, and traffic.

• As in any new market, a large number of new competitors with different legacies are entering the EV industry

 

More automotive manufacturers and others are joining the electric vehicle lineups, more automotive manufacturers would be coming in later years. Electric vehicle penetration has been increasing which is expected to continue its exponential growth over the coming decades.

Six million electric cars will be shipped in 2022, up from 4 million in 2021, according to a new forecast by Gartner, Inc. “The ongoing shortage of chips will impact the production of EVs in 2022, and while shipments of vans and trucks are currently small, their shipments will grow rapidly as commercial owners see the financial and environmental benefit of electrifying their fleets.” Gartner forecasts that electric cars will represent 95% of total EV shipments in 2022 and the remainder will be split between buses, vans and heavy trucks.

New business opportunities will be available to support this industry evolution. These business opportunities emerging from electric vehicles and their supporting infrastructure are reviewed. Other businesses such as fleet optimization, charging management, battery management, and recycling will be developed in the next industry cycle.

 

• The mobility, energy, and traffic future possibility

The EV market is moving rapidly both when it comes to technology and demand which means there will be significant future changes that will have an impact on business opportunities. It is worth noting that mobility, traffic, energy, and infrastructure are changing into a new business opportunity.

“According to Gartner, Inc., by 2023, 75% of organizations that exploit distributed enterprise benefits will realize revenue growth 25% faster than competitors.”

These may fundamentally alter the mobility future outlook such as a moving power exchange station, parking meter with an EV charger that can detect traffic flow, or electrical roads. Opportunities for new business opportunities arise in such context, with keen interest from different stakeholders in the future.

Technologies are developing very rapidly, battery capacity and battery size are likely to have set completely new performance standards in the next decade, such as fast charging technology, higher capacity, and smaller size.

On the other hand, new era software service is to be expected much more than it is today and will be a requirement in the future. New business opportunities increase convenience through an integrated software service may well be included in a future value proposition.