Databeans Press Release
Affordable and Eco-friendly: Finally in the same vehicle

Reno, NV, June 27, 2011:
Last week Tesla announced that it will no longer be making its $109,000 dollar pure-electric sports car. The roadster model is soon to be replaced by the Model S, a much more consumer friendly 4-7 passenger vehicle. This means that the everyday eco-friendly driver may soon be able to have zero emissions. The model S will be $50,000 dollars - half the price of the roadster and have just as much driving range. There will finally be a more cost friendly and greener alternative to a hybrid vehicle.

In a recently released study, "Semiconductors in Automotive Applications", Databeans predicts worldwide production of hybrid vehicles will grow at a compound annual growth rate of 39 percent and pure-electric vehicles could soon follow the same pattern and possibly outperform it.

But what does this mean for the automotive market? Long term, the market will be making large shifts in manufacturing to electric vehicles; and near term, Databeans expects to see more hybrid and plug-in hybrids introduced. Automobile manufacturers have stated that they hope vehicles will be mostly electric driven in next 10 years. This will shift revenue generating sources to components used to build the cars, and will eventually change the overall automotive industry. Over the next several years, the automotive industry is expected to become increasingly important to semiconductor manufacturers. They must modify their designs used in applications today to accommodate the automotive industries harsh environment, which requires high temperature tolerance and reliability, among many things.

Databeans predicts that the market for semiconductors in automotive applications is currently growing at a compound annual growth rate of 8 percent, and should reach $38 billion by 2016. In the next several years, the firm expects this growth rate to increase. The fastest-growing product segments include sensors, optoelectronics, analog, and microcontrollers. These devices are used in anything from airbag systems to new and innovative sensors in cruise control and driver assistance.

It is good to see that companies like Tesla are shifting their manufacturing to an automobile industry that is less reliant on oil, yet practical. Tesla has invested more than 200 million dollars into the new plant. However, Tesla isn't the only company making strides; there are several of new electric vehicle designs by smaller firms as well as the top tier automotive manufacturers including Coda Automotive, Fisker, GM, and Nissan.
  facebook  twitter  linkedin  rss feed