If you want to work in the electric vehicle industry, now is the time. The world is on the verge of an electric vehicle revolution, and the EV industry offers numerous career opportunities. Experts believe that the car industry will be drastically different by 2025 as a result of the shift from traditional cars to electric vehicles. According to their forecast, the electric vehicle market share will increase from 3% to 23% by 2025.
Renowned automobile manufacturers are gradually introducing electric vehicles all over the world. Rolls Royce is also working on their first-ever electric vehicle, Silent Shadow, which is an electric version of Phantom.
It has been difficult for automakers to completely replace gasoline/diesel engines with electric drives. They have been studying how hybrid electric vehicles work, how HEV batteries are recharged, what type of motor is used in hybrid electric vehicles, and so on. As a result, the development of vehicle electrification has been slow but steady. After many electrification types and technological advancements, fully electric vehicles are now available.
Career Opportunities in the EV Industry
According to the Ministry of Skill Development, the EV industry will directly or indirectly provide approximately 5 crore jobs in India alone in the coming years. Top automakers such as Ola Electric, Mahindra, TVS Motor, Tesla, and others are looking to hire automotive engineers who can constantly research and work on pressing issues such as how hybrid electric vehicles work, how to stimulate hybrid electric vehicles in Simulink, and so on.
Furthermore, the EV industry is hybrid and multi-disciplinary. For example, the industry requires not only automobile and mechanical engineers but also chemical engineers who can work efficiently on batteries, which is an important aspect of electric vehicles. As a result, professionals with an intersectional approach are in high demand.
If you want to work in the EV industry, don’t just think about how to become a mechanical engineer or a design engineer; think in multiple dimensions. In order to gain traction when applying for jobs in the EV industry, incorporate learnings from other fields into your experience.
Scopes of electrical vehicle
Electric vehicles have enormous future potential. The charging station is the obvious starting point for these vehicles. However, this is only the first step in a potentially long journey that will include charging banks and other industrial areas, as well as homes and cities. Electric vehicle technology has existed in labs such as NASA since the 1970s. In a few years, current technology will undoubtedly be far more advanced. EVs are even expected to power themselves by harvesting energy from their surroundings. Such vehicles will require little maintenance and may even be powered by renewable energy sources such as wind. It will also be interesting to see the impact of EU and US regulations that will go into effect. These regulations are intended to reduce the use of gasoline-powered vehicles. As the popularity of electric vehicles grows, so will the need to reduce their use. It is obvious that new zero-emission technologies will be required.
One of the most important aspects is the power source, and the global market segmentation is thoroughly examined. Electric vehicles today use a variety of power sources, including wind power, solar power, and hydroelectric power. The majority of these technologies have emerged in Africa. Morocco, South Africa, Tanzania, Namibia, Zimbabwe, and Brazil are among the countries that have developed these technologies. It should be noted that all of these countries have very low fuel costs, which means that installing a charging system on cars is very affordable. All over the world, batteries have been the primary concern. Lithium-ion batteries are replacing traditional alkaline batteries as technology advances. This has presented a significant challenge to the manufacturers. The market research report provides information on the major key players in this industry as well as the various strategies they are employing to overcome the challenges.
Conclusion
The charging systems are the area in which the report outlines the future scenario. The majority of vehicles today have an electrical charging system. The size of the battery pack is determined by the user’s electricity consumption. The global market segmentation provides information on charging systems and the reasons why manufacturers have chosen to use them or not. The electric vehicle industry is growing at an unprecedented rate and is always looking for ways to make it more sustainable. Many opportunities are being created for large and small industries as a result of vehicle decarbonization. It will be remembered not only for its environmental sustainability but also for its economic and technological transformation in the long run.
However, large OEMs are taking the initiative to enter the EV component market in order to reduce reliance on imports and meet the 50% localisation requirement for government subsidies. A significant infrastructure that is affordable, accessible, and serves all consumer groups, combined with a strong financing ecosystem, policy incentives, and technological advancements, is likely to position the EV market for significant growth over the next decade.
