Off-road EVs to prosper

This story first appeared in the January issue of EVtalk – CLICK HERE to download the magazine FREE

The on-road electric vehicle industry knows it is headed for a vicious fight to the death.

That’s as the biggest category, private cars, collapses due to people moving to cities – and nothing compensates for saturation of the Chinese electric bus market.

In contrast, off-road EVs will be prosperous growth markets.

The construction, agriculture and mining (CAM) vehicles are one business now.

The new 163-page IDTechEx report “Electric Vehicles in Construction, Agriculture and Mining 2019-2029” explains how these industries all employ mobile robots, drones and other new hybrid and pure EVs.

Understand why only 15% of CAM vehicles sold today are EVs but it will be the majority sold in 2029.
CAM vehicle profitability will remain superior, particularly for the innovators.

In 10 years the best-selling EVs in numbers will be robot weeders – not bikes.
The most expensive EVs, with excellent profit margins, will be monster autonomous load haul dump machines in mines.

Think multi-millions of dollars each.
Learn how massive zero emission electricity for all those vehicles and indeed for total construction, agriculture and mining operations will increasingly be produced off grid, where it is needed on site.

The CAM vehicle business will grow more than six-fold in value by 2029.
Which manufacturers are innovating at a frenetic pace? Which technologies win? Which sectors go straight to pure electric and which need the hybrid interim stage? With even 300kW mining trucks working well as pure electric, what is the place for fuel cells?

The new IDTechEx report is based on new interviews, conference attendance and intensive travel by multi-lingual PhD level IDTechEx analysts.
Nineteen CAM vehicle categories are forecast in number, unit price and value market and over 30 drill down reports are available.

The executive summary and conclusions section is sufficient for those in a hurry.
Densely packed new infograms and graphs explain the many forces leading to electrification, the major players and timelines.

Full forecasts and pie charts of market share are included with patent trends.
Pictures of the construction site, farm and mine of the future feature, including the new ocean floor mining.

Technology is carefully explained and predicted from the old “electric drive” to full hybrid, pure electric and all the subdivisions.
Which companies span all three CAM sectors? See appraisal of leaders including the top five in agriculture, the biggest sector.

The introduction describes a real mine going all electric for the first time, issues driving changes in agriculture, emissions issues and the demographics driving robotics introduction and the new ultra-precision agriculture.

Many examples feature of CAM EVs and how Brexit is driving the British to robot farming.
Powertrain trends end this chapter.

Chapter 3 construction considers 22 EVs from 18 manufacturers and background statistics.

Chapter 4 agriculture has detailed comparison charts of maturity of many activities and market readiness and technology progression along with 10 suppliers and their vehicles.

Chapter 5 mining addresses the many participants, vehicle technologies, market maturity and deployment, also with 10 manufacturers profiled.

Chapter 6 on key enabling technologies is also penetrating, going beyond battery appraisal and profiles of three CAM vehicle battery suppliers to why supercapacitors are popular in CAM vehicles.

Grasp the increasing importance of power electronics, multi-functional hybrid powertrains and motors with three significant CAM motor manufacturers profiled.

Contact research@IDTechEx.com or visit www.IDTechEx.com/cam for more information.