Electric Cars Market Trend

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Electric cars, the hottest topic on Earth.

Electric cars had a record year in 2020, with Europe overtaking China as the biggest market. After a decade of rapid growth, in 2020 the global electric car stock hit the 10 million mark, a 43% increase over 2019, and representing a 1% stock share.
China, with 4.5 million electric cars, has the largest fleet, though in 2020 Europe had the largest annual increase to reach 3.2 million.

This surge in electric car registrations in Europe despite the economic slump reflect two policy measures. First, 2020 was the target year for the European Union’s CO2 emissions standards that limit the average carbon dioxide (CO2) emissions per km driven for new cars. Second, many European governments increased subsidy schemes for EVs as part of stimulus packages to counter the effects of the COVID-19 pandemic.

Numerous factors contributed to increased electric car registrations in 2020. Notably, electric cars are gradually becoming more competitive in some countries on a total cost of ownership basis. Several governments provided or extended fiscal incentives that buffered electric car purchases from the downturn in car markets.

[IEA, Global Electric car registrations and market share, 2015-2020, IEA, Paris https://www.iea.org/data-and-statistics/charts/global-electric-car-registrations-and-market-share-2015-2020]

Worldwide about 370 electric car models were available in 2020, a 40% increase from 2019. China has the widest offering, reflecting its less consolidated automotive sector and that it is the world’s largest EV market. However, in 2020 the biggest increase in number of models was in Europe where it is more than doubled and the widest variety of models and the biggest expansion in 2020 was in the SUV segment.

So, E-Car market showed a huge growth in year 2020, but during year 2021 we all understood that electrification will be a game changer in the entire automotive industry for the next decade. All the automotive industries, with no exception, are making enormous efforts in the direction of electrification.

Here, for example, some of the Q4 2021 most relevant news:
  • Glasgow COP26 Summit
UK: Despite Europe’s automotive industry as a whole, with total registrations decreasing by 30% Battery Electric Vehicles (BEVs) more than doubled compared with 2020: now is 18.8% market share.
  • Hertz Globally Order for 100,000 EVs ambitious plan to electrify its rental-car fleet.
  • E-commerce that is probably the other best growing economic sector, involve e-vehicles with new trends like for example delivery by E-cargo bikes able to transport up to 350kg (15.000pcs ordered in Germany) or electric vehicles preordered from Amazon to Rivian.
  • Over 2.7 million passenger plug-in cars were sold in China during 2021, which is 14.3% of the total market. BEV share stands at 11.5%.
  • European consolidated data at the end of Year 2021:
    BEV Electric +63,1% (9,1% EU automotive total market share);
    PHEV Hybrid plug-in +70,7% (8,9% EU automotive total market share);
    HEV Hybrid +60,5% (20,2% EU automotive total market share, for the first time major than diesel).


What does the future hold in the automotive world?

We are for sure in the middle of the biggest revolution ever in the automotive sector and pressure sintering is one of the core process.
Market researches from China anticipate that up to 6.0 million Plug-In Vehicles will be sold in 2022 thanks to no limitation in e-car incentive to registration.
The first data of the year coming from Europe are confirming this trend, in addition some pundits estimate that EVs will be the majority of European car sales as early as 2023.
By 2025, 20% of all cars sold globally will be electric according to the latest forecast by the investment bank UBS and it will leap to 40% by 2030.
Multiple countries and the biggest cities have announced upcoming bans on the sale of new petrol or diesel cars, even by 2030. So carmakers are already focusing more and more on vehicles that will support the fuels of the future. Scientists are working hard to solve the production, storage and semiconductor shortage difficulties that now are limiting and undermine the vehicle electrification progress.
Semiconductor chips are tiny transistors made from silicon, a surprisingly humble substance, found in most of the minerals of the Earth’s crust. The semiconductor business has become one of the most interlinked in the history. Usually raw materials come from Mexico and Japan, and chips made in China, Taiwan and the US.

Therefore, from our side as manufacturer in this challenging production chain, is more important than ever to guarantee with our sintering equipment best repeatability, perfect bonding and high production volume without any compromise. In order not to waste any of these so precious and rare materials.
AMX patented the Micro-Punch sintering tool, than now is actually the top class system available on the market for Ag and/or Cu high pressure sintering die attach. Thanks to our patented sintering solution, we can upfront the most challenging power module design, including: SiC sintering advanced packages, clip attach, sensors, and much more.


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