The year 2022 marked a turning point for electric vehicles since they represented them 5% of global new car sales. According to the specialists, this is a turning point towards a standardization of these devices. A good thing for the industry, but will the trend continue into 2023 or should we expect more disruption?
Despite a decline in global car sales in recent years, EVs have managed to hold their own and even grow healthily in several markets. But as the new year rolls in, the pandemic is behind us, though China is still a threat to the world today since it reopened – and sadly, the world is getting used to the war in Ukraine – 2023 could be a pivotal year for EVs.
Tesla and autonomous driving
Electric vehicle essential file, autonomous driving is still long overdueespecially on the side of You are here, market leader. The development of this feature has encountered several difficulties and yet, he assures us, a huge leap forward is on the horizon Forbes.
Tesla will in fact be able to exploit the enormous capabilities of its new Dojo supercomputer, introduced a few months ago, during its AI conference, to hone its autonomous driving. Ranked among the fastest supercomputers in the world, this supercomputer will process raw data from beta testers to provide a database for vehicles. This data will serve as models that will allow self-driving vehicles to react more effectively to different situations.
Tesla’s fully autonomous driving could therefore exit beta this year and be launched more globally. Regulations are yet to follow. This is another question.
Affordable IVs? Not for now
Everyone knows that for electric cars to take precedence over thermal models, prices have to drop, and that, drastically. Even today, this type of vehicle is too expensive for most consumers. Unfortunately, for the moment, the expensive models, especially the Model Y and Tesla’s Model 3, are still selling very well. Therefore, manufacturers are in no hurry to offer cheaper models.
This is not necessarily a lack of goodwill on their part, but the fact is that raw materials are still very expensive today, as well as regularly experiencing shortages. Disruptions within the supply chain are also holding back the development of affordable electric vehicles.
The war in Ukraine caused a lot of continuous inconvenience which certainly delayed the launch of affordable models for years. There is therefore almost no chance that an electric car will come out in 2023 that is accessible to the greatest number of people.
Bid multipliers
If Tesla serves as a figurehead in the electric vehicle industry, it is no longer alone. Over the years, the concept has grown in popularity and has appealed to many traditional automakers new names appeared in the area.
As such, China presents itself as a major competitor. Several manufacturers have embarked on the venture. Some have made it their niche.
In 2023, these Chinese competitors could develop internationally and wrest market share from Tesla, but not only. In general, Asian manufacturers, especially the South Korean Hyundai Motor group or the Vietnamese Vinfast, could become a major obstacle for Tesla in some western markets.