1、 Automotive IQ All Rights Reserved|1 INDUSTRY REPORT STATE OF THE MARKET 2024:AUTOMOTIVE THERMAL MANAGEMENTUncover the vehicle manufacturers greatest challenges,learning priorities and goals Automotive IQ All Rights Reserved|2TABLE OF CONTENTSI FOREWORD FROM THE EDITOR 3I SURVEY&REPORT METHODOLOGY 4

2、I EXECUTIVE SUMMARY 5I WELL-PLANNED EV THERMAL MANAGEMENT GOALS UNLOCK COUNTLESS OPPORTUNITIES 7I THERMAL MANAGEMENT CHALLENGES 10I THERMAL MANAGEMENT SOLUTIONS 14I CONCLUSION 16 Automotive IQ All Rights Reserved|3021461048121618Despite several years of near-exponential growth,electric vehicle(EV)sa

3、les are showing signs of slowing.In America,progress is expected to slow from the 40 percent experienced in 2023 which was already lower than that seen in the preceding two years to about 20 percent in 2024.iFOREWORD FROM THE EDITORImage Source:IEA2012201620202014201820222013201720212015201920232024

4、 China Europe United States Rest of the world“The big issue on everybodys mind is thermal management”Bob Corbishley,Senior Principal Engineer,Mahle PowertrainEven though a slowdown was inevitable,many industry observers attribute the severity,in part,to unaddressed consumer concerns such as limited

5、range,lengthy charging times,high initial purchase price,and persistent safety concerns.While manufacturers have made significant advances in battery technologies,powertrain efficiencies,and weight reduction,more needs to be done.To sustain a“second wave”ii of growth particularly in battery electric

6、 vehicles(BEVs),hybrids(HEVs),and plugin hybrids(PHEVs)manufacturers are working to address potential owners continued reservations regarding EV ownership.However,in allaying these concerns,as battery energy densities and charge rates increase,and electric motors become more powerful,efficient,and c