ELECTRIC CAR MOTOR BIZ TO ALMOST TRIPLE

Electric Vehicle Drive Motors; Electric Traction Motors for Hybrid, Plug-In Hybrid, and Battery Electric Light Duty Vehicles: Market Analysis and Forecasts

1Q 2013 (Navigant Research)

“As global automotive manufacturers increase their efforts to produce more vehicles using all-electric and electric-assisted drivetrains, interest in electric vehicle batteries continues to grow. The other major components of the electric powertrain, the motor and its controller, are equally important…

“…While the battery pack is by far the most expensive piece of the technology, the motor represents a significant cost, and…[although] numerous new companies have sprung up to develop interesting AC motor alternatives that could disrupt the industry in future, almost all of the original equipment manufacturers (OEMs) have chosen to invest in producing their own motor hardware…”

click to enlarge

“…[Most OEMs] are relying on permanent magnet or AC induction motor designs. It is important to recognize that motor choice cannot be made in isolation, and that the contribution of the controller and associated power electronics must be included…

“Navigant Research forecasts that the global market for electric drive motors in light-duty vehicles will grow from a little less than $1 billion in annual revenue in 2013 to more than $2.8 billion in 2020…”

Tweet