Electric vehicles (EV) are on the move. According to McKinsey, “OEMs plan to launch around 400 new BEVs by 2025, with a strong focus on medium-sized and large vehicles.” And numbers from Statista project that EV sales will grow from about 26 percent of all vehicle sales in 2030 to over 80 percent by 2050.
These days when it seems everything has gone digital it’s easy to forget about all the mechanical components that are critical to electronics and batteries, especially in cars and trucks. Industry leaders, governments, and citizens all want to reduce carbon emissions and rely less on fossil fuels. At the same time, semi-autonomous and “smart” vehicles are gaining popularity for safety reasons and driver convenience.