How is Digitalization making EV industry smarter and efficient?
Climate change-related environmental policies place a high priority on the need to use renewable energy. Regarding renewable energy, the electric vehicle industry merits special mention. The most important question for researchers to answer right now is how Digitalization can change the EV industry.
The conquest question makes sense because digitalization has facilitated remarkable growth and transformation in a number of industries. But how can it change the EV industry, which is constantly changing? The EV industry will be transformed into a "Smart" EV industry as a result of digitalization, as we will see in this article. Digitalization will boost the EV industry through technology.
What distinguishes the EV sector from the existing vehicle sector?
Security, intelligent solutions, and user-friendly systems are becoming increasingly important as customer demands for deliverability, accessibility, connectivity, real-time or on-demand services, and convenience grow. Customers have high expectations for the electric vehicle industry because the current vehicle industry has not demonstrated the most innovative ideas.
In addition, electric vehicles produce zero emissions while remaining safe for humans and the environment by providing the following advantages:
Solutions for customers those are renewable:
For the transportation industry, EVs offer solutions that use renewable energy. However, understanding the concept of dirty power is also crucial. To travel 160 kilometers, an electric vehicle needs 25-50 kWh of energy. If electric vehicles replace the current vehicle system, total electric consumption could rise by 40% by 2050.
Therefore, the solution to the problem of electricity must involve renewable energy; otherwise, the generation of electricity or the combustion of gasoline, diesel, or other fossil fuels would continue to produce the same amount of greenhouse gases. EVs will be the best renewable option for the transportation sector if the industry uses solar energy.
Reduce environmental emissions of carbon dioxide:
When electric vehicles were first introduced, they did little to reduce carbon emissions. It was because of the increased demand for electricity. However, modern electric vehicles are producing better outcomes when rapidly decarbonizing.
For instance, charging the BMW i3 and Nissan Leaf for half the CO2 required to charge EVs previously. Reliance and the Indian giant Mahindra Group have collaborated on EV and low-carbon solutions. In terms of lowering carbon emissions, the EV industry's future looks promising.
Numerous digital opportunities exist in the EV sector:
There are no boundaries when looking at digital opportunities in the EV sector. Integration of the technology's systems is heavily dependent on electricity. Big data analytics, auto-driving mode, assistance systems, health monitoring, and battery management systems are all features of electric vehicles. Later on in this article, we will go over these digital technologies in greater detail with regard to the EV industry.
As a result, the electric vehicle industry has a significant advantage over the current vehicle industry thanks to greener and cleaner solutions, lower carbon emissions, and digital opportunities.
What opportunities does the EV industry stand to gain from
digitalization?
"With digital technology it is now possible to have one-on-one relationships with every consumer in the world," says Robert McDonald. Utilizing the tools that the digital world provides to the EV industry, digitalization enhances business insights. Digitalization makes the entire procedure adaptable and effective, whether it's creating workable collaborative spreadsheets or presenting the team with the year's growth chart.
In EV companies, digitalization also makes the supply chain process better as a whole. Digital technology facilitates streamlined operations, improved management, and increased visibility by replacing the supply chain's manual processes.
Utilization of digital technologies results in exponential growth in the customer experience. Customers can reserve service slots or purchase equipment on the EV companies' websites. In the event that they encounter issues with their EV, they can also seek advice from experts. In a nutshell, the following opportunities are provided by digitalization:
Improved business insights through the use of technologies like big data; improved supply chain by eliminating manual processing; improved customer experience through mobile apps and websites; improved decision-making to eliminate disconnected systems. Now that we've looked at how digitalization gives the EV industry better opportunities, it's time to actually look at the technologies that are making the EV industry smarter.
The EV industry is becoming a smart one thanks to digital solutions. Digitalization brings numerous technologies to the EV industry, making it a smart one. The most common are listed below.
Combining machine learning and artificial intelligence:
AI is frequently used to refer to the electric vehicle industry. The dynamics of AI and EVs are the primary focus of industry research.
Algorithms that optimize the battery charging duration can be introduced by electric vehicle manufacturers using artificial intelligence. AI is able to continuously read the patterns that are associated with a particular vehicle and optimize the battery in accordance with the patterns that are identified. The auto-driving mode is also heavily influenced by artificial intelligence and machine learning.
However, engineers must select a nearly infinite number of test cases for the algorithms, so auto-driving technology is still in development. AI can also plan the route if the car is running out of power and needs to get to a nearby charging station quickly.
Using sensor data and machine learning, the German startup TWAICE monitors battery health, demonstrating the power of digitalization in the electric vehicle industry.
IoT solutions for the industry of electronic vehicles:
The Internet of Things has a significant impact on the EV sector. You can get a report on any of your digital devices and monitor the battery-related parameters with BMS Monitoring. In addition, IoT solutions provide EV owners with theft protection, making it easier for them to locate their vehicles in the event that they are stolen.
In addition, the electric vehicle industry can include crash detection accelerometers in EVs to assist customers in the event of an accident. The crash detector can call the customers' emergency numbers in the event of a serious accident.
OVO Energy is a good example of a smart Internet of Things device. It uses smart charging to balance charging patterns based on energy demands, which saves EV drivers money.
In a similar vein, the leader in the electric vehicle industry, Tesla, utilizes the internet of things in its automobiles to perform remote diagnostics to fix and enhance its cards. As a result, the Internet of Things will undoubtedly provide the EV industry with a vast array of smart features, capabilities, and opportunities.
Using EV telematics to drive analytics:
Driving analytics can be efficiently provided by EV Telematics. To determine the vehicle's condition, data are gathered by the Digital Tachometer Graph. Analyses of a variety of parameters, including overspeeding on trips, malfunctioning history, warnings, exceptional events, distance traveled over multiple trips, and more, are used to create the driving analytics.
EV vehicles enhance the driving experience for customers by providing improved routes, speed limits, service statuses, and other information through the collection of data and preparation of insights.
Infrastructure driven by technology for the EV sector:
The EV industry achieves cost-cutting models thanks to the production of high-tech systems and robots. Furthermore, the manufacturing procedure becomes more conducive to mass production and becomes faster and more effective. However, unemployment is the primary drawback of heavily technology-based manufacturing. However, with robots handling mass production, digitalization will make EV manufacturing units more intelligent.
Data analytics and automation are being used by BMW to move parts and equipment around the factory and keep an eye on production. Again bringing up infrastructure, technology will make charging infrastructure possible. The technology-driven infrastructure will make it easier to integrate payment through smart devices like smartphones for each charging service.
Biometric authorization for maximum safety:
The use of biometric authentication in smart devices—whether they are smartphones or computers—is being heavily promoted by digitalization. Biometric Authorization is currently dominating the authorization process at the majority of institutions. Through the use of biometric authorization in their vehicles, the electric vehicle industry can provide the highest level of security.
To continue using the car's features, a user must pass the biometric authorization test each time they enter the vehicle. "Biometric authentication for connected vehicles including autonomous vehicles" is the title of a Google patent.
Final thoughts:
The electric vehicle industry will become smarter and more effective as a result of digitalization, which will present it with a variety of opportunities. The EV industry will experience exponential growth and efficiency in mass production and customer experience with intelligent digital solutions. Technologies can be used by EV businesses to improve decision-making and gain a deeper understanding of the business. The Internet of Things (IoT) solutions, artificial intelligence and machine learning, EV telematics, and technology-driven infrastructure all contribute significantly to the transformation of the electric vehicle (EV) sector into a smart EV sector and provide customers with the services they require in the digital age.
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