What are at stakes in future automotive industry?
In its new report, IDTechEX is analyzing the high stakes of the future automotive industry.
The days of car companies controlling the future of the automotive industry are numbered. Indeed, waves of creative destruction and globalization are shaking the industry, wrote Franco Gonzalez, Senior Research Analyst at IDTechEx.
He said there are rumors suggesting that Google has been working on a "super battery" for the last three years and Apple on an electric car whilst vacuum manufacturer Dyson is reportedly sinking US$15 million of investment into new battery technology for electric vehicles.
Pure electric, hybrid electric and fuel cell cars are positioned to take US$188 billion of the whole US$1 trillion market by 2025 and that is just the start - autonomous vehicles come next taking almost US$77 billion by 2030 according to the latest IDTechEx research in the report "Future Technologies for Hybrid and Pure Electric Cars 2015-2025".
The stakes at play in this sector have never been higher in 2015, said the report. The most recent is the billionaire lawsuit of BASF against Umicore in relation to alleged infringement of the later into Argonne Lab NMC patents.
On the other hand, at the end of February Toyota announced in Tokyo, Japan the most recent highlights about the Mirai fuel cell car and how it represents the beginning of a new era, with the support of the Japanese government.
Volkswagen (VW), meanwhile, is not so sure about this "new era" and reportedly acquired a stake in a new solid state battery start-up. The latest news suggests the Renault-Nissan Alliance is tense in relation to Carlos Ghosn's consideration to source batteries from other sources.
