As of the end of 2020, 78 million motor vehicles were produced in the world, of which 4,2% was electric vehicles. For example, when we look at the European market, the share of electric vehicles is growing rapidly, and over 1 million electric vehicles were sold in Europe last year. 2020% of the vehicles sold in Norway in 74,7 were electric vehicles. In 2020, electric vehicle sales in Germany reached 254 thousand, an increase of 398% compared to the previous year. Germany has become the largest market in the world after China.
Explaining that these data herald the demand for electric vehicles, TTT Global Group Chairman of the Board Dr. Akın Arslan said: “These rates are a sign that electric vehicles are at a very important threshold in the world. According to Morgan Stanley analysis, the global electric vehicle market is expected to grow by 2021% in 50. In 2030, it is predicted that 50% of the vehicles sold in the world will be electric vehicles and the rate of electric vehicles on the roads will exceed 31%.
Tesla is worth more than the sum of the 7 most valuable automakers in the world
Noting that Tesla is worth more than the 700 most valuable automobile manufacturers in the world with a value of approximately 7 billion dollars, TTT Global Group President Dr. Akın Arslan said: “Tesla, which started mass production in 2012 with its 9% electric vehicle Tesla S, reached a value more than three times the world's most valuable automobile company Toyota in 2021 years. With a market value of $700 billion as of the beginning of May 7, it was more valuable than the sum of the 2020 most valuable automakers in the world. However, Toyota, the world's most valuable global automaker after Tesla, made 500 times more sales than Tesla, which sold about 19 thousand vehicles in XNUMX. This power of Tesla scares the classic car manufacturers. Companies like Ford are trying to make significant investments and improve their positions in the market that will transform rapidly in the future, even if they lag behind.
Tech firms invest in electric and autonomous vehicle startups
Pointing out that technology companies have invested in electric and autonomous vehicle startups in recent years, TTT Global Group President Dr. Akın Arslan continued his speech as follows: “Until yesterday, companies such as Huawei, Xiaomi, Didi, Apple, Tencent, Alibaba and Baidu, which stood out as a technology company, accelerated their efforts to exist in the electric vehicles market of the future. Nio, Xpeng and Li Auto, which are also among the electric vehicle unicrons, have managed to raise more than 2019 billion dollars since 4. Technology giants such as Amazon and Google have been investing heavily in autonomous driving since 2015. Thinking that it is lagging behind its competitors in this regard, Microsoft recently made an important attack and invested $ 2 billion in Cruise, General Motors' autonomous driving company, with a group of investors. With this investment, Cruise's value exceeded $30 billion. With this investment, Microsoft becomes General Motors' new cloud provider, and Microsoft's cloud service provider Azure will help Cruise develop its storage, artificial intelligence and machine learning capabilities. Baidu, China's largest search engine working on autonomous vehicle technologies since 2017, created the world's largest digital platform in this field with the artificial intelligence-supported autonomous vehicle platform Apollo.Auto. Reaching a value of over 100 billion dollars, Apollo started to serve the world's leading vehicle manufacturers.
Battery and battery technologies gain importance in electric vehicles
Explaining the importance of battery and battery technologies in electric vehicles, TTT Global Group President Dr. Akın Arslan said: “About 30-35% of the cost of an electric vehicle is the cost of battery systems and batteries. The 60 kWh power generating engine of a Tesla S, which is sold for about 85 thousand dollars, consists of 16 modules and 7.104 cylindrical lithium-ion battery cells inside. The battery, which weighs approximately 540 kg, is like the heart of the entire system. All of the batteries of electric vehicles consist of lithium-ion battery technologies. Tesla has increased the range of its 135 kWh battery vehicles up to 670 km on a single charge. Again, Tesla has achieved 30% charging capacity in 80 minutes with its new generation fast charging systems called "SuperCharger". It has opened thousands of charging stations in the USA, Europe, China and Australia. According to the data of April 30, 2021; Tesla has 2.718 superchargers at 24.478 charging stations worldwide. There are 1.157 charging stations in North America, 940 in Asia-Pacific and 621 in Europe. In summary, battery and battery technologies are also developing rapidly. While the cost of the battery, which will produce 2010 kWh of power in 1, was at the level of 1.100 dollars, this cost decreased to 2021 dollars at the beginning of 137. It is expected to fall below $2023 in 100. In short, the developments in electric vehicles and the decrease in their costs will continue to increase global demand.”
The 135-year fossil-fueled automobile era is coming to an end
Expressing that the world's 135-year-old fossil-fueled automobile adventure has come to an end, TTT Global Group President Dr. Akın Arslan continued his speech as follows: “German Karl Benz produced the first modern automobile as we know it, in 135, exactly 1886 years ago. Later, Henry Ford became the first entrepreneur in the USA to mass-produce the car, which he called the "Model T", from the production line. It should not be a coincidence that Tesla's founder Elon Musk called the first Tesla model "Model S" in 2012. The Ford Model T was produced continuously from 1908 to 1927. The production line capacity is up to 10 thousand cars per year. This car, which was sold for $ 860 when it was first released, started to be sold for $ 1925 in 250. When production stopped in 1927, 15 million units had been produced by that time. This record could not be broken until 1972. In 1972, Volkswagen's Beetle surpassed this number. In short, the world's 135-year-old fossil-fueled automobile adventure comes to an end. In 2021, the global electric vehicle market is expected to grow by 50%. In 2030, it is aimed that the rate of electric vehicles on the roads in the world will exceed 31%. Current developments show that electric cars will take the next 150 years, as classic cars have taken in 20 years.
Leading manufacturers of electric vehicles in the world: Tesla (USA), BYD (China), Toyota (Japan), BMW (Germany), Volkswagen (Germany), Nissan (Japanese), LG Chem (South Korea), BAIC (China), SAIC(China), Geely(China), Cheery(China), REVA (India), Ford (USA), General Motors (USA), Daimler (Germany), Honda (Japan), Panasonic (South Korea) and Bosch (Germany) .