Research Articles

Early electrification work for micro EVs was carried out using Pb-acid batteries, but a fast transition toward Li-ion dominance is now underway. This article highlights key factors that will drive this critical transition over the next 20 years.

Demand for micro EVs will grow substantially, with the market set to reach US$90 billion by 2045. This article highlights the role of micro EVs in the evolution of the mobility industry and discusses the technical and market factors that will drive their growth over the next 20 years.

With global cargo and e-commerce demand set to skyrocket over the next 20 years, electric light commercial vehicles (eLCVs) will play a crucial role in the decarbonization of transport. eLCVs are now technologically mature enough to compete with current combustion vehicles on virtually all performance metrics. However, before they can be adopted en-masse into commercial fleets, they must first demonstrate that they can be financially competitive too.

Sales of electric light commercial vehicles (eLCVs) are expected to surge from just under 500,000 in 2024 to over 11 million by 2045. In this short video, IDTechEx Technology Analyst Pranav Jaswani provides key insights into this rapidly expanding industry on the brink of widespread adoption.

Electric light commercial vehicles (eLCVs) now make up nearly 5% of the global light commercial vehicle (LCV) market - but an overwhelming majority of these have been battery-electric (BEV). With hydrogen fuel cell vehicles yet to impact in this segment of commercial vehicles, the question has to be asked whether they will ever have a place in the future of LCVs.

As governments stretch to meet their Paris Agreement goals and other sustainability targets, global demand for light-duty road freight is set to more than double between 2020 and 2050. A growing global population, rising income levels, and a booming e-commerce industry all factor into this increase in demand.

In spite of the benefits of electric construction machines, IDTechEx finds that financial savings in the total cost of ownership (TCO) of machines will be the primary benefit that drives the electrification of the industry.

While China may be the market leader in 2024, IDTechEx's latest article predicts that the US will replace China as the world leader in unit sales by 2044.

The construction machine industry is still in its early stages of electrification, with the first small electric machine only coming onto the market in 2015. However, IDTechEx's new report, "Electric Vehicles in Construction 2024-2044: Technologies, Players, Forecasts", highlights how the electric machines of today are bigger and better than their predecessors from less than 10 years ago.

Technologies that are now becoming more mainstream in the automotive industry are also finding their way into the off-highway sector, especially mining vehicles. In particular, IDTechEx's market research report, "Electric Vehicles in Mining 2024-2044: Technologies, Players, and Forecasts", highlights the role of large EV batteries and innovative fast charging methods in driving the adoption of electric mining vehicles, as well as the rise of autonomous mining vehicles.

Electric haul trucks will be key to achieving meaningful emissions reduction in the mining industry and assisting mining companies to meet their sustainability objectives. Haul trucks make up almost a quarter of the global mining vehicle population but are by far the largest and most emitting vehicles, contributing to over 90% of vehicular emissions in mining or over 174 megatonnes of CO2 annually

The mining industry has always been perceived as a high-emitting and resource-heavy industry - one that contributes 2-3% of all global CO2 emissions. However, within the last few years, the industry has followed the path of other vehicle sectors and embraced electrification. The use of EVs in global mining is on the rise and could be set to change attitudes towards the industry at large.