USI Enters the Global EV Powertrain System Supply Chain
Under the increasing environmental concerns in the reduction of carbon emission, governments all over the world have legislated relative requirements to drive the manufacturing and marketing of electric vehicles (EVs). To avoid the potential penalties and predictable loss of goodwill prompts auto OEMs to accelerate the development of electrified powertrain systems meeting the tightening carbon emission standards.
According to Electric Vehicles-Setting a Course for 2030 by Deloitte Global, the global compound annual growth rate of EVs in 2030 would reach 29%. In addition to policy and legislative initiatives by governments, the driving forces of this growth momentum include the change in consumer confidence, OEMs strategy, and the maturity of the commercial EV market.