Electric Vehicle Plastics Industry: Rising Demand for Electric Vehicle Plastics Components

Electric vehicles (EVs) are automobiles that are powered by electric motors rather than internal combustion engines, which use energy stored in rechargeable battery packs. EVs offer promise for reducing emissions associated with transportation and reliance on fossil fuels. Despite encountering numerous challenges since their introduction in the late 19th century, EVs are gaining wider acceptance and availability amid growing environmental concerns. EVs held about 2.6% share of the global passenger vehicle market in 2021 and are projected to rise to about 15-30% by 2030. This rapid anticipated growth is spurring increased demand for plastics components in EVs.

Growing Use of Electric Vehicle Plastics Industry

Plastics are increasingly being used in Electric vehicles Plastics due to their lightweight properties, versatility, and corrosion resistance compared to metals. Common plastic polymers used in EV manufacturing include polypropylene (PP), acrylonitrile butadiene styrene (ABS), nylon, polycarbonate (PC), polyurethane (PU), and polyethylene terephthalate (PET).


Get More Insights on https://www.marketwebjournal.c....om/electric-vehicle-