It’s no secret that electric vehicles (EVs) are going to be prevalent in our future. Every year, we are seeing more and more automakers add EVs to their lineup. We took a brief look at the EV industry and where it is heading in the future.
In November 2022, the Economist Intelligence Unit released Industries in 2022, the latest addition to their annual series. The report examined the opportunities and challenges ahead for seven sectors of the global economy: automotive, consumer goods and retailing; energy; financial services; healthcare and pharmaceuticals; technology and telecoms; and tourism.
Of these seven sectors, engineers are heavily involved in almost all. Some of the critical forecasts included in the report were:
- Supply-chain disruption will make it harder for manufacturers and retailers to meet recovering demand.
- High prices will push up interest rates, raising debt levels and dampening demand.
- New technologies will offer new opportunities.
- Companies will come under more pressure to cut emissions and meet more standardized reporting requirements.

Aligning with Point 4, the report further predicted that global sales of new EVs will continue to soar, rising by 51%. Pressure to reduce emissions means that carmakers are being forced to make drastic decisions regarding the future of their fossil-fuel models. Because of this, the phasing out of internal combustion engines is likely to happen sooner than we think.
Passenger cars and light trucks are already facing stricter vehicle fuel-economy standards in countries like the United States of America. President Joe Biden recently signed an executive order which sets a nonbinding target of making 50% of passenger cars and light-duty trucks zero-emission by 2030.
In 2022, it is expected that other governments worldwide will set more regulations to help reduce transport emissions. This will include measures to accelerate the adoption and implementation of EVs.
The Battery Doesn’t Make the Electric Vehicle
So how did the electric car evolve to what it is today? And can we predict what EVs will look like in the future?
Well, the prediction isn’t as simple as manufacturing cars. Cities are still reliant on adapting to light passenger vehicles before moving on to further changes. City planning and the conditions in which the cars will operate will also need to be examined.
A 2017 article in the Journal of Industrial News gave one of the easiest timelines to understand the evolution of the EV.
1832-1839: Scottish inventor Robert Anderson invented the first crude electric carriage powered by non-rechargeable primary cells.
1835: American Thomas Davenport is credited with building the first practical electric vehicle — a small locomotive.
1832-1839: Robert Anderson invents the first crude electric carriage entirely powered by non-rechargeable primary battery cells.
1835: An American, Thomas Davenport, builds a small electric locomotive.
1900: EVs are popular, and of the under 4,200 cars produced in America, 28% are powered by electricity. EVs accounted for nearly a third of vehicles on the road in New York City, Boston, and Chicago.

1908: The Ford Model T was released and changed the automobile market to focus on fuel-powered cars.
1920: During the 1920s, the electric car ceases to be a viable commercial product. The electric car’s downfall is attributable to several factors, including the desire for long-distance vehicles, their lack of horsepower, and the ready availability of gasoline. Since the 20s EVs have almost become a bit experimental for manufacturers and were often part of concept car ideas. This changed again in the 1990s.
1990: The American state of California passed a Zero Emission Vehicle (ZEV) Mandate, which required a percentage of cars to have no emissions by 1998. By 2003 the mandate outlined that 10% of vehicles operating in the state have zero emissions.
1997: Toyota unveils the Prius. The hybrid car became successful, and 18,000 units were sold during the first production year. It was the first mass-produced hybrid vehicle globally and showed that the EV market was valuable.
1999 – 2000: In 1999, Honda released Insight, the first hybrid sold in the US since the early 1900s. The Prius was released in the US in 2000 and became a success due to marketing and celebrities driving it. Some all-electrical vehicles are also released. This includes Honda EV Plus, GM EV1, Ford Ranger pickup EV, Nissan Altra EV, Chevy S-10 EV, and Toyota RAV4 EV). The cars can, however, only be leased.
2009: Tesla is introduced. The Department of Energy in America awards $8 billion in loans to Ford, Nissan, and Tesla Motors to support the development of fuel-efficient vehicles.
2016: Tesla has secured half a million pre-orders for the Model 3 since the vehicle was first unveiled in March 2016. Starting at $35,000, the Model 3 is Tesla’s first car geared at a consumer audience. The base Model 3 can drive 220 miles on a single charge, accelerate to 60 mph in 5.6 seconds, and reach a top speed of 130 mph. It cements EVs as mass-produced and readily available cars that are accepted by drivers as an alternative.

