In 2018, 4.28 million BEVs, PHEVs and HEVs were sold globally—an increase of 28.6% over the year prior—amounting to 5.2% of total global passenger vehicle sales, according to Adamas Intelligence. Not only is the EV market growing extremely rapidly, the modern EV itself is also undergoing a rapid technological evolution, from model to battery pack to cell and cell chemistry, Adamas says. At the model level, scalable modular platforms are the future. Automakers such as VW are building their next-generation EVs around the concept of a low-cost and scalable modular platform that will be shared across the maker’s model lineup, enabling it to thrust its EVs from niche to affordable mass market. Volkswagen in particular is planning to commence mass production in late-2022 with the aim of producing 10 million EVs based on the VW electrification platform “in the first wave alone”. At the pack level, average pack capacity […]