Projected impact: Moderate
Timeframe: Within 10 years
When transforming combustion based transportation to electric, there are a number of effects that can be observed. Even though passenger cars have been the first to go fully electric, we now see heavier vehicles entering the scene.
Needless to say, electricity as a power source for transportation is growing fast.
Coupled with the development in propulsion, there is an equally complex and important development vector in energy supply. As the transportation market shifts from combustion to electric, we see a new supplier base emerging that threatens to oust the petroleum industry from the market – the electricity producers. With these new suppliers we will see new types of distribution. Electric highway is one such method, intermittent charging when idle/loading/unloading is another. Real estate companies need to accommodate the needs of this emerging fleet, grid providers need to ensure enough capacity and charging spots at the right locations.
Another area that is developing rapidly is of course battery technology. This is a critical component, especially when it comes to freight transport due to the weight of the vehicle needing much battery power, thus adding more weight.