EVs drive compound innovation
10 February 2023
Credit: GM/Cadillac
Despite the challenging global economic environment and continued semiconductor chip shortage, the Electric Vehicle (EV) market is booming and shows little sign of slowing. According to the latest edition of the annual Global Electric Vehicle Outlook, there were around 16.5m EVs on the world’s roads by the end of 2021, three times the number there was in 2018, and growth continued throughout 2022. Polymer compounds are at the very forefront of this EV revolution and considerable growth is expected.