The automotive industry is headed the direction of electric cars. There’s no shortage of stats on where this industry is going: More than 2.3 million electric cars were sold in the first quarter of 2023, about 25% more than in the same period of 2022. McKinsey predicts the electric vehicle market will end up growing sixfold between 2021 and 2030—to roughly 40 million annual units sold from 6.5 million.
But, as always, with great growth and great opportunity come great challenges. Let’s take a look at the data storage-specific challenges around electric and hybrid vehicles and what they mean for automotive industry companies seeking to take full advantage of this industry’s skyrocketing potential.
The Electric Revolution and Its Data-demanding Nature
Electric and hybrid vehicles rely heavily on data to function optimally. From battery management and energy consumption monitoring to regenerative braking and real-time performance analysis, these vehicles generate a wealth of data that must be effectively managed, stored, and processed. The transition from conventional internal combustion engines to electric powertrains has necessitated a fundamental shift in how data is stored and utilized.
Lack of Standardized Data Formats
A key issue around data from cars is lack of standardization. Every car