Chemistry is a key enabler of e-mobility.
The transportation landscape is changing and vehicle electrification continues to gain traction in the market. The trend towards electric mobility (e-mobility) is nothing new. In fact, the history of electric vehicles goes back to the 1800s. In the early 1900s, a significant portion of vehicles produced in the United States (more than 25%) were powered by electricity.
However, the invention of the self-starter propelled internal combustion engine (ICE) vehicles to the prominence they have today. Since the mid-1970s, increasing concern about gasoline prices and greenhouse gas emissions has driven development of the technologies used in hybrid-electric vehicles. The acceptance of hybrid-electric vehicles in the US has grown significantly over the last few years. In recent years, e-mobility reached a new level as Plug-in Hybrid Vehicles (PHEVs) and Battery Electric Vehicles (BEVs) have been introduced to the market. Each model year, we see more models of hybrid-electric vehicles available to the consumers. Advances in technology and government subsidies have enabled e-mobility to gain momentum in terms of adoption in the market, but where will it go from here?
At BASF, we see chemistry as a key enabler to advance the competitiveness of e-mobility in the market. Our vast experience in the global transportation markets ensures that we maintain a pulse on market trends so that we can partner with you to bring value added innovations as the needs of the market change.
Enhance vehicular sustainability
The increase in the U.S. Corporate Average Fuel Economy (CAFE) standards to 54.5 mpg by 2025 will have a huge impact on the vehicles we drive today. In Europe, tightening CO2 regulations will have a similar impact, and in Asia comparable regulations will also drive change. There are a range of technologies that auto makers can use to reach the new standards, and BASF has the resources to support developments in any direction the market goes. However, we expect that e-mobility will have a significant share of the market and our team is here to support your needs as the market evolves.
Together, we can accelerate the growth of e-mobility and help it gain widespread acceptance. To accomplish this, we need to partner with companies along this value chain to take a holistic approach to make electric and hybrid-electric vehicles more competitive and more widely accepted by consumers. We invite you to explore this site and learn more about how BASF can help advance the diverse applications that are part of the e-mobility landscape.
At BASF, we define sustainability as the alignment of economic success with environmental and social responsibility.