The success of Tesla has pushed nearly all automakers to go all-electric in 2021, and the COP26 climate conference has provided a booster dose to initiate strategies for the supply of batteries, electric motors, power electronics, and other components for a green future.

With Renault in June, Mercedes-Benz, and Stellantis in July, to name a few, 2021 has become the year when mainstream automakers solidified their intent to become “all-electric” and transition further towards electrification.

According to market research firm Strategy Analytics, there will be a step-change in the supply of batteries, electric motors, power electronics, and other components associated with electrified powertrains, especially battery electric.

 BloombergNEF is predicting global sales of EVs(electronic vehicles) will leap from 3.1 million units in 2020 to 14 million in 2025, accounting for around 16 percent of all passenger-vehicle sales.

The rapid acceleration toward an electric cars future is being driven by a number of key factors, chief among them the decision by 14 countries to set a date to phase out the production of internal-combustion-engine vehicles that rely on fossil fuels, including 2030 in the UK, 2030 in Germany and 2025 in Norway, where more than 70 percent of new car sales in 2020 were electric. 

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  • Mehr Ali is a Journalist, photographer, and football player.