WIRE AND CABLE | ELECTRIC VEHICLES
Electric vehicle market is wired for growth
The move to EVs presents both opportunities and challenges for the cable industry. Here Eric Xirinachs, CEO at cable masterbatch maker Delta Tecnic, shares his perspective
The shift to electrification and electromobility is accelerating rapidly. Global power generation is forecast to grow from 27 TWh in 2020 to 48 TWh by 2035 and on to 83 TWh by 2050 over the next 15 years, according to McKinsey’s Energy Insights Global Energy Perspective 2022, with the share provided by renewable technologies — predomi- nantly solar and onshore and offshore wind — grow- ing from 29% in 2020 to 60% in 2035 and on to 86% by 2050. The transport sector is leading the transition
away from fossil fuels. According to data from the International Energy Agency (IEA), global electric car sales amounted to 6.6m units in 2021 — near double the 2020 result —and drove the global fleet of electric cars to more than 16.5m.
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Electrification will require huge grid investments, while EVs will present new cable applications. For the plastics industry, this presents both opportunity and challenges. Here Eric Xirinachs, CEO at Delta Tecnic, a masterbatch producer with a strong position in the cable industry, shares his views on both.
How far-reaching do you see the impact of electrification on cable compound demand? The electromobility boom has not left anyone indifferent. Administrations, companies and society are increasingly aligned on this path, and autoparts manufacturers are demanding new materials and formulations to meet global demand. The supply chain calls for new types of cable to boost electric mobility.
Main image: Electrification is calling for new cable types that can withstand exposure to extreme conditions
� February 2023 | COMPOUNDING WORLD 37
IMAGE: DELTA TECNIC
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