Improving battery technology and pending regulations on internal combustion engines are boosting the outlook for EVs, which means new possibilities — and some risks — for foundries and die casters.
by Jost Gaertner, Foundry Management and Technology | Jun 01, 2018
Electric vehicle (EV) prices are falling faster than predicted, and the consumers’ cost of ownership could reach parity with standard internal-combustion engine (ICE) vehicles in Europe as early as 2018, according to USB. Forecasts for EV sales are being revised upward, as the technology improves, promising longer ranges and shorter charging times in the near future.
Meanwhile, the list of countries imposing regulations (or even bans) on ICE vehicles is growing longer. The Netherlands and India recently announced complete sales bans on ICE vehicles starting in 2025 and 2030, respectively, while China and EU have sales quota systems on the agenda for plug-in electric (PHEVs) and battery electric vehicles (BEVs).
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