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

  • Growth of ANPR applications for enforcement, tolling and more
    February 1, 2012
    Automatic number plate recognition continues to find new applications beyond the traditional. In coming years, we can expect the application set to grow significantly Moore's Law has seen to it that computer processing power has improved out of all comparison in the 30-plus years since the first working Automatic Number Plate Recognition (ANPR) system was created by the UK's Police Scientific Development Branch. The attendant increases in systems' capabilities have resulted in ANPR being deployed globally
  • After two decades of research, ITS is getting into its stride
    June 4, 2015
    Colin Sowman gets the global view on how ITS has shaped the way we travel today and what will shape the way we travel tomorrow. Over the past two decades the scope and spread of intelligent transport systems has grown and diversified to encompass all modes of travel while at the same time integrating and consolidating. Two decades ago the idea of detecting cyclists or pedestrians may have been considered impossible and why would you want to do that anyway? Today cyclists can account for a significant propor
  • Variable message signs continue to deliver travel information
    February 2, 2012
    Arguably the 'face' of ITS, variable message signs are far from being a passing solution
  • Toyota introduces DAB traffic information in Belgium
    October 9, 2012
    Toyota is to equip all of their Toyota Land Cruiser V8, Grand Prius+ Lounge version, Prius Solar Premium version cars sold in Belgium with traffic information for their in-car systems on DAB, powered by provider of traffic and mobility information, be-mobile, and using the RTBF DAB network in French-speaking Belgium and the VRT DAB network in Flanders. The company says DAB represents a major industry advancement for real time traffic information; larger traffic data volumes can be processed which in turn en