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According to the International Energy Agency (IEA), 2.3 million electric cars were sold across the world, in 2020. High volume sales of electric vehicles (EVs) can be attributed to the stringent government emission norms, on account of the rising environmental pollution concerns. Over the last decade, greenhouse gas (GHG) levels have significantly surged due to the vast number of fossil fuel-based automobiles operating on global roads. To mitigate the adverse effects of GHGs, governments…
ContinueAdded by Business Point 2021 on November 11, 2021 at 7:00am — No Comments
With the rise in the average age of automobiles, the demand for automotive parts and components manufactured by aftermarket companies is growing rapidly across the world. This is fueling the sales of these components, especially in the Latin America, Middle East, and Africa (LAMEA) and Asia-Pacific countries. For example, the average age of automobiles in China grew from 4 years in 2010 to 6 years by…
ContinueAdded by Business Point 2021 on October 18, 2021 at 9:40am — No Comments
The rising prevalence of road accidents is one of the major factors fueling the demand for adaptive cruise control across the world. Road accidents are one of the biggest causes of deaths in various countries and regions. Africa and Asia-Pacific (APAC) record the highest and the second-highest occurrence of road crashes in the world respectively. Due to the growing incidence of road accidents, the demand for advanced safety features and systems such as adaptive cruise control is rising…
ContinueAdded by Business Point 2021 on October 12, 2021 at 9:30am — No Comments
Rapid technological advancements have led to the widespread adoption of connected cars in North America. Unlike conventional passenger cars, new-age connected cars offer smartphone connectivity within the vehicle and with the world outside, traffic and collision warnings, roadside assistance, and real-time traffic monitoring. Moreover, it is easier to integrate the autonomous driving technology in connected cars as compared to conventional cars, as the former are already equipped with…
ContinueAdded by Business Point 2021 on September 24, 2021 at 7:02am — 1 Comment
Automotive turbochargers are used to improve the power output and efficiency of an internal combustion engine (ICE) because it compresses exhaust air from the engine and dispense it to the combustion chamber. At present, turbocharging has become the standard for most diesel engines and some gasoline engines. Researchers across the world are still exploring new ways to improve the designs of turbochargers for reducing the manufacturing cost and enhancing the performance of this automobile…
ContinueAdded by Business Point 2021 on September 9, 2021 at 2:59am — No Comments
Automotive simulation is the usage of simulation software for model testing and prototyping of an automobile to ensure the complete functionality of the vehicle. In recent years, automakers have been increasingly using this software for vehicle testing because they are working on several models based on varying parameters, which need model testing before they are validated and finalized. In the coming years, advanced simulation software and related technologies will be largely used for…
ContinueAdded by Business Point 2021 on September 7, 2021 at 9:42am — No Comments
With the growing requirement for affordable and convenient mobility solutions, the popularity of two-wheeler sharing services is rising rapidly in India. The emergence of these services has eliminated the need for vehicle ownership, which has, in turn, reduced the expenditure of people. This is because owning a vehicle is quite expensive because of various associated costs such as insurance costs, maintenance costs, and parking expenses. Due to the surging internet penetration, these sharing…
ContinueAdded by Business Point 2021 on August 18, 2021 at 10:21am — No Comments
The focus towards electric vehicles has risen significantly in the past few years, which can primarily be ascribed to the surging need for energy conservation, declining rate of fossil fuels, and increased negative impacts of carbon emissions on the environment. As people are becoming more regarding these factors, they have started looking for solutions which have less adverse effect on the environment. This, in turn, is compelling auto manufacturers to come up with mobility solutions that…
ContinueAdded by Business Point 2021 on July 29, 2021 at 10:11am — No Comments
Owing to the rapid development of charging infrastructure for electric vehicles (EVs) and advancements in the lithium-ion (Li-ion) battery technology, the electric vehicle battery market is projected to witness significant growth in the near future. This growth will be, most importantly, a result of the large-scale adoption of hybrid electric vehicles (HEVs) and battery electric vehicles (BEVs). The high incentives being offered on the adoption of EVs, along with the implementation of…
ContinueAdded by Business Point 2021 on July 1, 2021 at 10:36am — No Comments
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