Innovations in plastics became the technological leap in e-Mobility
The automotive industry's transition to EVs is accelerating. According to KPMG’s report on the 'Future of Automotive', by 2030 it is estimated that half of the car sales in the U.S could be EVs, and according to Chinese officials, 70% of China’s automobile sales will be electric by 2030. More environmental concerns, technology advancements (batteries and charging infrastructure) and government policies (e.g. EU "Fit for 55") are the key pushes.
The surge in electric vehicles (EVs) is sending ripples through the entire automotive industry. The goals in the industry now are not only just incorporate plastics into vehicles, but to improve the recycling of those plastics at the end of vehicles’ life. Therefore, innovative plastics, such as ABS, PP, PA, glass fiber and carbon fiber reinforced composites used in e-Mobility (including e-VTOL) are the ultimate example of plastics innovation rooted in sustainability. More than just Green, emphasis on personalized style and drivers’ preferences also blends into vehicles with the help of technology.
The future of e-Mobility plastics hinges on the ability to adapt, evolve and innovate. Fulfilling the key trends within this industry - Artificial Intelligence (AI), IoT, V2X (Vehicle-to-Everything), 3D printing, adaptive design and on-demand manufacturing are pivotal to get succeed. Technologies like integrated injection molding and insert molding (in-mold electronics, IME) have a broad space for development in the automotive industry as well. Therefore, plastics manufacturers have the potential to become key players in the e-Mobility revolution, shaping the future of sustainable transportation.