A look at the development of the EV ecosystem
17 Apr 20235 min read
Summary
- The article outlines how the EV ecosystem in Asia is evolving through the convergence of vehicle manufacturing, battery production, charging infrastructure and digital services.
- It emphasizes that successfully building this ecosystem requires simultaneous investment in upstream supply chains (such as raw material processing) and downstream capabilities (such as recycling and grid‑integration).
- The key strategic insight is that companies need to act beyond individual product lines and instead engage with the broader EV value chain—aligning with partners, policies and infrastructure developments to maximise competitive advantage.
Transportation across the world has come a long way toward the emergence of an electric vehicle (EV) ecosystem. From the early steam engines to the prevalent gasoline-fueled engines, now, electric-powered vehicles have emerged.
With the advent of EVs, we face a new era of the transportation revolution in Asia, in which a cleaner and greener future is within reach. Yet to move forward, there is a need to look at the past. It provides a prelude and overall view of the development of the EV ecosystem within the automotive industry.
Early inventions
After a myriad of attempts, French army captain Nicolas Joseph-Cugnot has made the "fardier à vapeur." It is the world's first working full-size "self-propelled mechanical land vehicle" that marks a transportation revolution.
In the early 1800s, Richard Trevithick developed the "first high-pressure steam engine and first working railway steam locomotive," which marked a turning point for the commercialization of steam engine vehicles.
Modernization of vehicles
Scottish inventor Robert Anderson developed a motorized carriage in the early 1830s. However, the batteries he had used were not rechargeable. In the same decade, Robert Davidson built a prototype of his electric locomotive.
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