Impetus for a shift to electric vehicles (EV):
To lower fleet-level emissions, automotive manufacturers must develop more vehicles powered by electric motors which:
Consumer interest in electric vehicles will increase when more charging stations and more affordable electrical vehicles will be available.
Improvements in battery technology and needed infrastructure are likely to lead to increased demand for electric vehicles.
Efficient electrical steels contribute to cost savings for carmakers, and longer range and lower ownership cost for users.
ArcelorMittal is already the biggest supplier of steels to the global automotive industry.
To support our automotive customers ArcelorMittal is:
Goal is to meet anticipated demand for electric vehicles by 2015 when stricter EU emissions regulations come into force. Further international regulations will push the sales of electric vehicles by 2020. Our investment in steels for electrically powered mobility solutions is part of ArcelorMittal’s ongoing commitment to sustainable development.
Today, most people still drive fuel-powered vehicles. As technology evolves, different types of electric vehicle come to market, including: