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16 August 2019

The electric vehicle market is growing very quickly. IDTechEx forecast that the total market will exceed $1,000bn value within the next 5-years across all categories: land, sea, and air. This huge growth is resulting in a large amount of turbulence within the supply chain. In particular, the material considerations are different to traditional internal combustion engines and provide a significant opportunity or threat - depending on your viewpoint.

An overview of technologies, players and market forecast

Electric motor drive is key to all electric vehicles and it is taking new forms. See IDTechEx report, "Electric Motors for Electric Vehicles Land, Water, Air 2019-2029".

The need for electric vehicles in military applications is strong. The speed of advance of an army is still limited by speed of providing fuel and other "materiel" as they call it. 20% of deaths are suffered simply providing fuel. The US Military has a program to reduce fuel consumption by 70% because of this.

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