JULY 2021AUTOTECHOUTLOOK.COM6While the COVID-19 pandemic annihilated the global financial markets, the Electric Vehicle (EV) sector came with exciting developments. According to the forecast period, the EV market is projected to reach 26,951,318 units by 2030 from an estimated 3,269,671 units in 2019, at a CAGR of 21.1 percent during the forecast period. Though electric vehicles witness their demand at a very early development stage, constantly rising with each passing year. With attractive features including immediate torque, silent ride, EVs come with no emissions and reduced battery cost. Further, the vehicles have the benefit of flexible charging. They can be effectively charged at charging stations that are set up at the parking places.EVs are providing a new perception of mobility that is user-centric. Customers migrate to EVs as it is affordable and offers a lifetime experience driven by robust technologies and stunning designs. Modern BEVs currently offer a wide range of benefits: performance, cutting-edge technology and connectivity, a quieter ride, lower running cost, full city access, unique exterior styling, and increased interior space. Countries worldwide have taken active imitative in setting up charging stations for EVs. Hybrid electric vehicles (HEVs) typically use less fuel than similar conventional vehicles because they employ electric-drive technologies to boost vehicle efficiency. Further, the cars have the benefit of flexible charging. Since the electric grid is in close proximity to most locations where people park, they can charge overnight at a residence. To shed light on the organizations that cater to the development of the EV industry, Auto Tech Outlook has created a list of top 10 electric vehicle solution providers in 2021. These providers are transforming the electric and hybrid vehicle landscape with their best-in-class solutions. Besides, the magazine comprises insights from subject-matter experts, CIOs, CXOs in the logistics sector on the latest industry trends, best practices, recent innovations, and their expertise.Let us know your thoughts.EDITORIALUshering a New Age of AutomobileCopyright © 2021 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Editorial StaffClaire Jonathan David CarterOlivia HarperSurajit Narayan DekaVisualizersSalesjessica@autotechoutlook.comManaging EditorLester D'Souza*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffLester D'SouzaManaging Editoreditor@autotechoutlook.comJULY - 2021 Volume 04 Issue - 06Published by ValleyMedia, Inc.To subscribe to Autotech OutlookVisit www.autotechoutlook.com Email:sales@autotechoutlook.comeditor@autotechoutlook.commarketing@autotechoutlook.comJaxon Jase
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