Close Menu
NERDBOT
    Facebook X (Twitter) Instagram YouTube
    Subscribe
    NERDBOT
    • News
      • Reviews
    • Movies & TV
    • Comics
    • Gaming
    • Collectibles
    • Science & Tech
    • Culture
    • Nerd Voices
    • About Us
      • Join the Team at Nerdbot
    NERDBOT
    Home»Nerd Voices»NV Tech»4 Trends in EV Market to Watch for in 2023
    Unsplash
    NV Tech

    4 Trends in EV Market to Watch for in 2023

    Nerd VoicesBy Nerd VoicesJanuary 30, 20233 Mins Read
    Share
    Facebook Twitter Pinterest Reddit WhatsApp Email

    The global EV market is growing at an unprecedented rate. The popularity of electric vehicles has overcome the traditional automobile market in 2023 and is continuing to move its way toward a more eco-friendly future. Generated $3.21 billion in 2022, the EV market is suggested to grow to $113.99 billion by 2029. This shows that the market will develop trends and grow every year.

    Social media conversations, celebrities choosing EVs, and the government supporting EV owners have already made it possible for the EV market to grow this fast. And now, experts believe that EV automakers have developed a ripple in the market, aiming to introduce high-end EV car models. 

    Although millennials are still exploring the opportunities electric vehicles can offer, Generation Z has already named ECV our sustainable future. Since the market moves with an immense speed, it is best to know trends that can appear this year based on expert opinion.

    A Huge Change in Charging Infrastructure

    Experts believe that recent permits given by the government for private EV charging points are anticipated to be implemented in 2023. Building a robust charging infrastructure has long been a question since EVs needed more space to be charged, and it was a critical concern.

    Luckily, more and more governments are planning to create a more vast charging infrastructure for the EV market. In addition, EV owners will also be able to use EV charging apps to allow them to find the charging station easily. 

    Shift Towards EV Transmission System

    The EV transmission system has also been the number one concern for owners. However, it seems to be expanding in 2023 thanks to fluctuating fuel prices. EV owners who drove petrol, diesel or gas-powered vehicles before are now looking for clean mobility solutions. Thanks to the OEMs (Original Equipment Manufacturers) being game changers in the market, the manufacturers are developing more cost-efficient options for electric vehicles. 

    IoT-Based Battery Systems

    Artificial Intelligence (AI) and the Internet Of Things (IoT) will play a vital role in the EV market development. The electric vehicle market will adopt the IoT trend in battery management systems allowing for better monitoring and control. This innovation is believed to enable EV owners to get a remote data logging facility helping owners to monitor critical battery activities. The increased use of EVs leads to the growing need for a sound battery management system which will allow for higher safety, security and reliability. 

    Safer Mobility Infrastructure

    Thanks to a higher interest in EVs, the government continues to bring amendments to EV battery standards to make these vehicles safer. As a result, they include higher safety requirements for manufacturers developing battery cells and battery management systems. In addition, the transport space is also involved in creating clean but safer mobility solutions. 

    Do You Want to Know More?

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email
    Previous ArticleTop 5 Biggest Poker Wins in the History of the Game
    Next Article Best Vulnerability Management Practices in 2023
    Nerd Voices

    Here at Nerdbot we are always looking for fresh takes on anything people love with a focus on television, comics, movies, animation, video games and more. If you feel passionate about something or love to be the person to get the word of nerd out to the public, we want to hear from you!

    Related Posts

    Beyond Flowcharts: Influence Diagrams as the Next-Level Decision Tool

    May 23, 2025

    Leading with Intelligence: How AI Is Reshaping Enterprise Strategy

    May 23, 2025

    Documentary ‘Put the Guns Down: A World Epidemic’ Gains National Momentum with Major Streaming Release and Backed by Legends in the Hip-Hop Community

    May 23, 2025

    Tips to Balance Mental Health at the Workplace

    May 23, 2025

    How Businesses Can Use Quantum Hardware To Rapidly Develop New Tech

    May 23, 2025

    What High Performers Are Using to Cut Fat and Increase Endurance

    May 23, 2025
    • Latest
    • News
    • Movies
    • TV
    • Reviews

    Beyond Flowcharts: Influence Diagrams as the Next-Level Decision Tool

    May 23, 2025

    Leading with Intelligence: How AI Is Reshaping Enterprise Strategy

    May 23, 2025

    Documentary ‘Put the Guns Down: A World Epidemic’ Gains National Momentum with Major Streaming Release and Backed by Legends in the Hip-Hop Community

    May 23, 2025

    Tips to Balance Mental Health at the Workplace

    May 23, 2025

    “Mission: Impossible – The Final Reckoning” Disappointing End to Exciting Franchise [Review]

    May 22, 2025

    The Spiritual Meaning of Birds Oracle Deck: Honest Review(2025)

    May 22, 2025
    Kermit the Frog

    Kermit The Frog to Give 1st Commencement Address in Decades

    May 21, 2025
    Jim Morrison grave

    Stolen Bust of The Doors Frontman Jim Morrison Finally Recovered

    May 21, 2025

    “Mission: Impossible – The Final Reckoning” Disappointing End to Exciting Franchise [Review]

    May 22, 2025

    Alex Garland to Direct “Elden Ring” Live-Action Film for A24

    May 22, 2025

    Jason Momoa, Roman Reigns in Talks to Star in “Street Fighter” Film

    May 21, 2025
    Elle Fanning in "The Great"

    Elle Fanning to Play Effie Trinket in “Sunrise on the Reaping”

    May 20, 2025

    Jem and the Holograms Releasing 40th Anniversary Album

    May 22, 2025

    Zach Braff Returning as J.D. in “Scrubs” Revival

    May 21, 2025

    Norm from “Cheers” Actor George Wendt has Passed Away

    May 20, 2025

    First Teaser for HBO’s “It: Welcome to Derry” Finally Hits

    May 20, 2025

    “Mission: Impossible – The Final Reckoning” Disappointing End to Exciting Franchise [Review]

    May 22, 2025

    The Spiritual Meaning of Birds Oracle Deck: Honest Review(2025)

    May 22, 2025

    “Final Destination: Bloodlines” New Franchise Fun, Same Old Death [review]

    May 16, 2025

    “The Accountant 2,” “Fight or Flight,” “The Surfer” and More! [Review]

    May 10, 2025
    Check Out Our Latest
      • Product Reviews
      • Reviews
      • SDCC 2021
      • SDCC 2022
    Related Posts

    None found

    NERDBOT
    Facebook X (Twitter) Instagram YouTube
    Nerdbot is owned and operated by Nerds! If you have an idea for a story or a cool project send us a holler on [email protected]

    Type above and press Enter to search. Press Esc to cancel.