Electric transportation, its deconstruction and implications in Asia
27 Mar 20237 min read
Summary
- The article examines how the shift to electric transport in Asia involves much more than vehicle sales and mobility; it includes complex changes in infrastructure, power systems and supply-chain architecture, particularly for batteries and energy sourcing.
- It highlights that while electrification promises cleaner urban mobility, effective rollout depends on coordination across urban planning, grid readiness and aftermarket services — and gaps in these areas could slow progress.
- The takeaway for executives is clear: success in the electric-mobility transition requires strategic alignment across vehicle manufacturers, energy providers and logistics systems in Asia to avoid stranded assets and capture value across the new ecosystem.
The way people travel by land is gradually experiencing changes due to the advent of electric transportation. Mobility using electric vehicles (EV) has driven growth in the economy of Asian countries that engages in EV global manufacturing.
Fortune Business Insights, an organization that performs market studies, notes that the EV market segment was valued at USD 246.70 billion last 2020. It can grow up to USD 1,318.22 billion in 2028. Wherein the demand for EVs has increased as a fervent response to climate change effects.
The distinctiveness of an EV
Electric cars function almost the same as hybrid and fuel-powered vehicles. The absence of a combustion system made EVs more sustainable due to their lesser impact on the environment.
EVs have common parts. These are :
1. Traction battery pack - Also known as electric vehicle battery (EVB), the traction battery pack serves as an electrical storage system that powers an EV’s electric motors
2. DC-DC Converter - Renders the required voltage in charging the auxiliary battery and distributes the battery’s power accordingly
3. Electric motor - Enables the wheels of an EV to rotate by turning electrical energy into kinetic energy
4. Power inverter-Transforms a battery’s DC power into AC power
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