Skip to main content

US$144 billion market forecast for multi-motor electric vehicles

The latest Electric Motors for Hybrid and Pure Electric Vehicles 2015-2025: Land, Water, Air report from IDTechEX finds that a US$144 billion market awaits in 2025, boosted by 8.9 million extra motors for multi-motor vehicles, most of them land vehicles - particularly cars - with industrial-commercial vehicles following close behind. Primary author Dr Peter Harrop notes, "Nevertheless, largest profit may be made in military and other segments. In some segments you are likely to be competing with your cus
July 10, 2014 Read time: 2 mins
The latest Electric Motors for Hybrid and Pure Electric Vehicles 2015-2025: Land, Water, Air report from 6582 IDTechEX finds that a US$144 billion market awaits in 2025, boosted by 8.9 million extra motors for multi-motor vehicles, most of them land vehicles - particularly cars - with industrial-commercial vehicles following close behind.

Primary author Dr Peter Harrop notes, "Nevertheless, largest profit may be made in military and other segments. In some segments you are likely to be competing with your customer, in others less so."
 
The report distils many new interviews and presents what is now a comparison of 157 electric traction motor suppliers, some of them the vehicle manufacturers themselves, out of what now may be 200 manufacturers - most of them doing the wrong thing. There are many surprises. Very small vehicle makers increasingly design their own superlative motors. Large companies increasingly integrate them with transmission or controls and simple gearing.
 
In-wheel motors are making progress from a very small base but two in-board motors now appear in a large number of vehicles. For example, the best-selling 1686 Toyota Prius has the generator double as a traction motor when extra power is needed, something done on other series- parallel powertrains. Some vehicles have two standard motors ganged together for extra power and IFEVS is succeeding with micro cars that have four wheel-drive thanks to one forward axle motor and one at the rear. The need for redundancy and high power to weight ratio leads to 2-30 electric traction motors being seen on electric aircraft. Multi-motors are commonplace on military marine craft for redundancy and space saving.

For more information on companies in this article

Related Content

  • Connected-car security market expected to reach US$759 million in seven years
    September 30, 2016
    With nearly 112 million vehicles now connected around the world, the global market for automotive cybersecurity is expected to grow exponentially – to US$759 million in 2023, according to a new report, Automotive Cyber-security and Connected Car, from IHS Automotive, part of business information provider IHS Markit. Connected cars are defined as those that have a connection to the internet, through telematics, an onboard modem or a paired device in the vehicle, such as a mobile phone or other device. One
  • Is DSRC progressive enough for future connected mobility?
    February 3, 2012
    Dedicated Short Range Communications technology, says Cisco's Paul Brubaker, is not by itself progressive enough to sustain long-term innovation in the connected mobility environment - and yet IPv6 and other developments remain largely ignored by policy-makers
  • Need for simpler urban tolling solutions
    January 10, 2013
    A common assumption, even amongst informed observers, is that there’s but a handful of urban charging schemes in operation around the world and scant prospect of that changing any time soon. Larger city-sized schemes such as Singapore, London and Stockholm come readily to mind but if we take a wider view and also consider urban access control and Low Emission Zones (LEZs) then the picture changes rather radically. There is a notable concentration of such schemes in Europe but worldwide the number is comfort
  • RFID Sensors 2017-2027
    March 6, 2017
    The general RFID market has seen substantial growth over the last few years, with successful public offerings and rapid growth in terms of the number of RFID tags sold, according to a new report by IDTechEx. Vendors are now exploring allied technologies with RFID sensors at the forefront of this. RFID sensors combine a sensors system (such as monitoring temperature, humidity, shock, pressure or moisture) with RFID communications. This has been enabled thanks to new chipsets, both HF (NFC) and UHF (RAIN)