Market scenario An overview of the recent EVs in the market
Electric vehicles are the need of the hour. Numerous global automotive players are already dominating the EV space and are looking to develop even more advanced vehicles in the near future. Recent updates on industry players such as Tesla, Volkswagen, Audi and Volvo have been elaborated below.
The automotive industry has often been criticised for producing vehicles that run on fossil fuels as it is one of the major causes of air pollution. With increasing awareness about climate change and the need to develop more sustainable innovations, the automobile industry has taken up the responsibility to produce zero-emission vehicles such as electric vehicles.
Tesla is one of the leaders in the electric vehicle (EV) industry. The company’s new standard Model 3 is a compact and cost-effective automobile. With 220 miles of range, a top speed of 130 mph and 0-60 mph acceleration of 5.6 seconds, the new model boasts of a 5-star safety rating. Apart from this, the firm also introduced the Model 3 Standard Range Plus, which offers 240 miles of range, a top speed of 140 mph, 0-60 mph acceleration of just 5.3 seconds and premium interior features. Tesla is also looking to introduce advanced driverless electric vehicles by the end of 2020.
Market analysis of Chinese automobile industry in August 2019
The German car maker Volkswagen has recently launched the Volkswagen ID 3 electric car for the European market. In this model, the manufacturer has introduced a center airbag which deploys between the driver and front passenger in case of a side-impact crash. In this process, the center airbag will deploy between the two front seats. This will not only stop the driver from slamming their head but will also stop the passenger from hurling into the driver's space.
Audi is not far behind these players, the auto company has introduced its first electric vehicle – the E-Tron SUV which has already earned the title of a ‘top safety pick’ by the Insurance Institute for Highway Safety (IIHS), a name that was denied to other prominent electric vehicles such as Tesla’s Model S. In addition to this, it was also observed that the performance of the EV’s ‘Pre Sense Front’ automatic emergency braking system was quite well as a crash was avoided in the 25 mile per hour test.
The rise and rise of service robots
Recently, Volvo also joined the race by launching the XC40 Recharge, its first EV. Equipped with an all-wheel drive powertrain and a 78 kilowatt-hour battery, the EV can travel more than 400 kilometers on a single charge, in accordance with the Worldwide Harmonised Light Vehicle Test Procedure (WLTP). With this move, the firm also announced that 50 % of its cars will be electric by 2025 and the remaining 50 % will be ‘part electric’. Volvo also has plans to go carbon neutral by 2040 and intends to reduce factory-to-showroom carbon emissions by 40 % per vehicle.
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