Electric Vehicles And Batteries Could Reach About 33% Of Global Sales By 2028

Written by Roberta Souza

Published on 24/06/2022 at 22:53

Imagem de Menno de Jong / Fonte: Pixabay

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Automakers And Suppliers In The Electric Vehicle And Battery Sector Plan Investments Of At Least US$ 526 Billion By 2026

The commercialization of electric vehicles and batteries could reach about 33% worldwide by 2028 and up to 54% by 2035, based on the accelerated demand from key markets, AlixPartners consultancy said on Wednesday, the 22nd. Electric vehicles and batteries accounted for less than 8% of global sales in 2021 and just under 10% in the first quarter of 2022.

To support demand, automakers and suppliers plan to invest at least US$ 526 billion in electric vehicles and batteries by 2026, the company stated in its annual report. This number corresponds to more than double the investment forecast of US$ 234 billion for five years, from 2020 to 2024.

This outlook for increased investment in electric vehicles and batteries makes the rise of the electric vehicle market inevitable, according to Mark Wakefield, co-leader of the automotive practice at AlixPartners. The vehicle industry is weathering the economic challenges faced by the supply chain during the transition to electric vehicles and batteries, Wakefield added.

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AlixPartners Co-Leader Says Electric Car Sector Will Need Radical Changes

According to the co-leader, the transition from conventional cars to electric cars and batteries will require “drastic changes to operational models, not just in factories and in people but also in the way of working,” he said. Additionally, the raw materials used in the production of electric vehicles also cost more than double compared to those used in combustion models, about US$ 8,255 per electric vehicle versus US$ 3,662 per vehicle, according to May values this year.

The process of electrifying cars will cost manufacturers and suppliers a total of US$ 70 billion by 2030, according to Elmar Kades, co-leader of the automotive sector at AlixPartners.

AlixPartners points out that supply constraints may continue until 2024, and expects total sales of conventional vehicles worldwide to drop to 79 million units in 2022, before rising to 95 million in 2024.

Cheapest Electric Cars In Brazil In 2022

Electric vehicles are a recent technology in the automotive market, both in Brazil and around the world, and with the popularization of these vehicles, new electric models are already being sold at more affordable prices. See below the list of the most affordable electric vehicles in Brazil in 2022.

CAOA Chery iCar – R$ 139,000

The CAOA Chery iCar arrived from China with the title of the cheapest electric vehicle in the Country. It has capacity for only four occupants and a motor capable of generating 61 hp and 15.3 kgfm.

Renault Kwid e-Tech – R$ 146,990

The Kwid electric vehicle has a look similar to the combustion model. Also coming from China, it has a motor with a power of 65 hp and 11.5 kgfm.

JAC E-JS1 – R$ 164,900

It is considered the most economical electric vehicle in Brazil, according to data from Inmetro. The JAC E-JS1 is also a model produced in China in partnership with Volkswagen, and has a motor with 62 hp and 15.3 kgfm.

Renault Zoe – R$ 239,990

The fourth place on the list of cheapest electric cars is the Renault Zoe, which is in its second generation and arrived in the Country in April 2021. The model has a seven-inch multimedia center, connection with Apple CarPlay and Android Auto, and a parking sensor.

Fiat 500e – R$ 255,990

This being Fiat’s first electric vehicle in Brazil, the 500e has a look similar to the combustion 500. With a motor of 118 hp and torque of 22.5 kgfm, the model has a maximum speed of 150 km/h and a range of 320 kilometers.

Electric Vehicles And Batteries Could Reach About 33% Of Global Sales By 2028

Automakers And Suppliers In The Electric Vehicle And Battery Sector Plan Investments Of At Least US$ 526 Billion By 2026

AlixPartners Co-Leader Says Electric Car Sector Will Need Radical Changes

Cheapest Electric Cars In Brazil In 2022

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Four times faster than the Concorde, capable of taking passengers from New York to London in less than an hour at Mach 5.5, and with an engine that switches from turbojet to ramjet mid-flight at Mach 3.5, the Hermeus Quarterhorse went from paper to its first flight in just 19 months.

She started by collecting oyster shells from restaurants and today she has already accumulated more than 10 tons to restore reefs, recover coastal habitats, and demonstrate how a common waste can become a tool for ocean conservation.

SpaceX will dock a $843 million vehicle to the International Space Station to push a nearly 420-ton laboratory against the atmosphere and make the debris fall in a controlled manner into the ocean.

China opens the world’s first school where more than 100 humanoid robots from different brands will study together, each movement will be repeated up to 600 times a day and the data will feed a collective brain that will teach all the robots of the future.

The deepest underground copper mine in Chile is digging deeper and deeper in search of the metal the world needs to electrify.

EMS launches Ozivy pen for R$ 452 and fully enters the weight loss battle that is driving pharmacies and patients in Brazil.

Panama bets on a $4.5 billion railway bridge over the Panama Canal and calls on Renfe to validate a 450 km high-speed line that promises 50,000 jobs, but still faces the technical challenge of crossing one of the world’s most strategic routes.

“It doesn’t look like India”: British architect praises urban planning, cleanliness, and safety of this planned city in a country with 1,476,625,576 inhabitants

Heir worked at thirteen in an ice cream factory without revealing he was the owner’s son; today, at twenty-five, he leads the best-selling ice cream brand for home consumption in the Northeast, grosses almost R$ 300 million, has 145 stores, and competes with multinationals with regional flavors.

Electric Vehicles And Batteries Could Reach About 33% Of Global Sales By 2028

Automakers And Suppliers In The Electric Vehicle And Battery Sector Plan Investments Of At Least US$ 526 Billion By 2026

AlixPartners Co-Leader Says Electric Car Sector Will Need Radical Changes

Cheapest Electric Cars In Brazil In 2022

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Four times faster than the Concorde, capable of taking passengers from New York to London in less than an hour at Mach 5.5, and with an engine that switches from turbojet to ramjet mid-flight at Mach 3.5, the Hermeus Quarterhorse went from paper to its first flight in just 19 months.

She started by collecting oyster shells from restaurants and today she has already accumulated more than 10 tons to restore reefs, recover coastal habitats, and demonstrate how a common waste can become a tool for ocean conservation.

SpaceX will dock a $843 million vehicle to the International Space Station to push a nearly 420-ton laboratory against the atmosphere and make the debris fall in a controlled manner into the ocean.

China opens the world’s first school where more than 100 humanoid robots from different brands will study together, each movement will be repeated up to 600 times a day and the data will feed a collective brain that will teach all the robots of the future.

Peugeot publicly acknowledged the errors of the PureTech engine, which caused serious failures in hundreds of thousands of cars, and introduced the new Turbo 100 as a definitive solution, a 1.2 turbo tested for over 3 million kilometers that replaces the faulty belt with a more durable chain.

Automatic cars become ‘cheap’ in Brazil, and models from Toyota, Hyundai, Nissan, and Honda appear for R$ 65,000 with up to 120 hp, CVT transmission, 482 liters of trunk space, keyless entry, and six airbags to tackle traffic without a clutch.

Honda revives a classic from Brazilian streets with a new name, TFT panel, and reprogrammed engine in the 2027 lineup; see the first impressions of the CB500 Hornet, which arrives with 49.6 hp, 4.5 kgf.m torque, 6-speed gearbox, 175 kg, and Showa suspension on Brazilian streets.

How does the Strada remain a leader in Brazil? Fiat bets on a 1.3 flex engine, a 130 hp turbo version, and a cargo bed of up to 1,354 liters to keep the pickup at the top of the Brazilian market.

The deepest underground copper mine in Chile is digging deeper and deeper in search of the metal the world needs to electrify.

EMS launches Ozivy pen for R$ 452 and fully enters the weight loss battle that is driving pharmacies and patients in Brazil.

Panama bets on a $4.5 billion railway bridge over the Panama Canal and calls on Renfe to validate a 450 km high-speed line that promises 50,000 jobs, but still faces the technical challenge of crossing one of the world’s most strategic routes.

“It doesn’t look like India”: British architect praises urban planning, cleanliness, and safety of this planned city in a country with 1,476,625,576 inhabitants

Heir worked at thirteen in an ice cream factory without revealing he was the owner’s son; today, at twenty-five, he leads the best-selling ice cream brand for home consumption in the Northeast, grosses almost R$ 300 million, has 145 stores, and competes with multinationals with regional flavors.