Electric powertrains are opening up the field for parts makers, allowing new names to break into the industry 3 August 2021 2:54 pm / 0 comments Electrification is changing the way automotive supply chains are working, and such is the speed of development that automakers are now looking beyond their own development teams for vital components in electric vehicles (EVs). It is also paving the way for new names to emerge. Case in point, EV powertrains. While the market currently remains small, with just 2.14 million EVs sold last year, accounting for only three percent of all new vehicle sales globally, the volume is forecast to swell tenfold to 23.3 million vehicles in 2030, or 24% of all sales. As such, the race is well and truly on to develop e-axles, which combine motors, gearboxes and other drive components into an integrated system, as