Revamping Electric Vehicle Subsystem: Examining challenges, Opportunities and strategies for future development

Abstract

The electric vehicle (EV) sector is pivotal in advancing sustainable transportation, yet it faces significant challenges that hinder its expansion and efficiency. This paper delves into the complexities of electric vehicle subsystems, identifying and analyzing the primary technical, economic, regulatory, and environmental challenges that constrain their development. By examining current technologies and market dynamics, the study highlights substantial opportunities for innovation across key subsystems such as batteries, motors, and electronic controls. It also explores groundbreaking advancements in battery technology, motor efficiencies, and digital integration that could propel the industry forward. Drawing on a range of case studies from leading industry players, this research proposes strategic recommendations for research and development, collaboration, policy enhancements, and market penetration tactics to support the sustained growth and evolution of EV technologies. Through a comprehensive analysis, this paper aims to guide stakeholders in the EV ecosystem towards overcoming existing hurdles and capitalizing on emerging opportunities, thereby fostering the next generation of electric vehicle subsystems.