For several years, EV manufacturing has barely exceeded 1%. Since then, many OEMs have turned to electrification due to government subsidies. That figure will rise from 11% in 2020 to 62% in 2030, with global sales reaching 63 million vehicles, according to Credit Suisse Global Automotive Research. Nearly half of them, 29 million, are expected to be fully electrified. Vicor's vice president of global automotive business development, Patrick Wadden, said in an interview that with significant investment in electrification, powertrain technology will play a key role in addressing powertrain efficiency. Volvo claims that by 2025, 50% of their cars will be electric and the rest will be hybrids. Ford, General Motors and Chrysler will invest more than $50 billion by 2030. This year's new car is estimated to be higher than last year. By 2030, of the 63 million xEV vehicles, we expect BEVs to account for 29 million, or 45% of the total xEV fleet. Internal combustion engine vehicle production could fall from 97% in 2020 to 10% in 2040," Wadden said. Some of the most popular models, like the GM Hummer, the new Ford Mach E (the electric Mustang), and the now-iconic F150 light truck, are going electrified (Lightning). The new car has improved fast charging technology, reducing maintenance and repair costs. Electric vehicle electricity demand grows up to 20 times The power output of an internal combustion engine vehicle is typically between 600W and 3kW. Electric vehicles, such as EVs, HEVs, and PHEVs (xEVs), require power levels of 3 to 60 kW, which are 5 to 20 times more th