Integrated approach to thermal management in BEVs and full HEVs
As the technology behind BEVs (battery electric vehicles) and full HEVs (hybrid electric vehicles) become more powerful, OEMs are taking a more integrated and intelligent approach to thermal management of the various modules. OEMs are designing the newer generation of EVs with shared circuits and components. Also, being applied are energy recovery and intelligent management technologies, as OEMs look to rationalize the bill of material (BOM) cost and minimize parasitic power consumption.
The alternative propulsion sector finally seems to be gathering some steam after being on the fringes of the market for several decades. According to IHS Markit forecasts the demand for EVs which include BEVs, full HEVs and FCEVs (Fuel cell electric vehicles) is expected to grow by around 24% (compound annual growth rate) between 2019 and 2025. In spite of the growing numbers, the modest overall size of the market means that the business might take a few years to become sustainable, if it becomes so at all.