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

  • Transport industry experts gather in Brussels to commit to hydrogen mobility
    September 22, 2017
    Transport industry leaders have gathered in Brussels today to confirm their commitment to expanding the deployment of fuel cell electric vehicles (FCEVs) and hydrogen refuelling infrastructure across Europe Global vehicle manufacturers, including Audi, BMW, Daimler, Honda, Hyundai, Symbio and Toyota, as well as leading hydrogen refuelling infrastructure providers, are gathering at the Hydrogen for Clean Transport conference to discuss and debate hydrogen-based solutions towards a zero emission transport
  • TRW demonstrates semi-automated driving features
    September 16, 2014
    TRW Automotive Holdings is to demonstrate is semi-automated driving capabilities at the Company's vehicle test track event in Locke Township, Michigan, today. Drivers will be able to experience a 'highway driving assist' feature which can enable automatic steering, braking and acceleration for highway speeds above 25 mph. The demonstration vehicle integrates TRW's AC1000 radar and next generation camera prototype together with its electrically powered steering belt drive (EPS BD) and electronic stability
  • MaaS by any other name
    February 6, 2020
    Has the roll-out of Mobility as a Service stalled - or could it just be that multimodal travel is simply happening under a variety of different names?
  • VW and Shell try to block EU push for electric cars
    April 29, 2016
    VW and Shell have united to try to block Europe’s push for electric cars and more efficient cars, saying biofuels should be at heart of efforts to green the industry instead. The EU is planning two new fuel efficiency targets for 2025 and 2030 to help meet promises made at the Paris climate summit last December. But executives from the two organisations launched a study on Wednesday night proposing greater use of biofuels, CO2 car labelling, and the EU’s emissions trading system (ETS) instead.