With several territories around the world poised to phase out conventional gas-powered cars in exchange for zero-emission electric vehicles (“EVs”), the automobile sector and ancillary industries are looking at a few decades of significant change from the status quo. Electric cars are fundamentally different from internal-combustion-engine (“ICE”) vehicles, from the lithium-ion battery packs that power them to the electric drivetrain, which has nearly a dozen parts, and the proprietary software that keeps the hardware running smoothly and efficiently. As carmakers build more electric vehicles in an effort to meet emission standards and electrify their lineups, the machine industry will be drowning in work.
Robot and factory equipment manufacturers saw demand for their products fall to $361.8 million last April amid the coronavirus pandemic, as did most industries, but the auto sector’s recovery bodes well for them. The U.S. Census Bureau says that the American machinery industry saw orders surge to $506 million by June, and we can expect orders to continue to rise as more automakers go electric and EVs fill the roads. Andrew Lloyd, the electromobility segment leader at Comau, an Italian manufacturing…
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