The Electric Vehicle Revolution: What to Expect?

The number of electric vehicles (EVs) sold around the world rose by 80% in 2021., and companies such as Toyota and Volkswagen announced investments of $170 billion in electrification. In addition to eliminating exhaust emissions and reducing a portion of the 23 per cent of global CO2 emissions attributed to the transportation sector.

 EVs provide crucial grid flexibility as we transition to a more significant proportion of renewable energy (RE) supply. Despite this global push, EVs accounted for only 7.2% of global automobile sales in 2021. The electric revolution has yet to reach its full potential. EV Engineer Course is in demand with the gaining popularity of electric vehicles. 

Technological Advances That Will Help Shape the Future of Electric Vehicles

  1. Intelligent and adaptable charging

Automobiles are typically idle 95 per cent of the time. Intelligent and flexible charging technology utilises unused power from car batteries to provide additional electricity supply to the grid during peak demand or, in some cases, pauses or reduces charging power intelligently. In contrast, it enables consumers to recharge during off-peak hours for one-third or less the price of peak-hour charging, thereby reducing grid congestion and consumer costs. 

The charging system can more accurately anticipate sudden peaks in electricity demand by allowing EV owners to schedule charging based on power constraints, price, and priority and sell unused power back to the grid. The technology also helps the grid meet the increased demand for electric vehicles at a lower cost to consumers, reduces grid strain, and prevents energy price spikes.

  1.  Intelligent energy management for effective EV load management

On an integrated digital platform, energy management systems coordinate an energy system’s generation assets (such as solar or wind power installations) and demand assets (such as EV chargers, heating and cooling systems, and lighting). This enables real-time asset health and performance monitoring through the Internet of Things (IoT) connectivity and AI-driven algorithms, which maximise renewable energy consumption, thereby reducing operational costs and system investments.

It also enables the co-optimization of EVs and stationary storage. Along with other grid-connected assets, it provides additional grid stability services; it is compatible with local renewable energy resources to balance the load and ensure a steady energy supply and stable market prices.

  1. Monitoring, analytics, and recycling of batteries

IoT-enabled battery monitoring and analytics for electric vehicles (EVs) and stationary storage enable predictive maintenance and usage optimisation that can extend battery life. Thus reducing the need for new batteries and supply chain pressure. 

In addition, data can support better decisions regarding when to repurpose or recycle batteries and identify individual cells that are damaged (rather than discarding the entire battery pack), thereby streamlining and optimising the recycling of lithium-ion batteries.

The Way Ahead

AIoT-assisted technology helps us overcome many challenges, including hardware, manufacturing, and supply chain solutions. 

Innovative energy management improves EV and stationary load management, reduces grid overload, and increases renewable energy consumption. Intelligent charging improves infrastructure and customer experience. Battery monitoring, analytics, and recycling mitigate supply shortages faced by rising demand for the needed battery minerals by extending lifetime and reusability.

Conclusion

With the worldwide push to reduce emissions and technologies accelerating the electrification of transport, more countries will ban sales of combustion engine vehicles. Knowing that the ban could be enforced by 2030, the question is whether companies, districts, and cities are ready to switch to EVs in this decade. Take a look at Hybrid Electric Vehicle Courses In Pune.