“Rising Development of Hybrid and Electric Vehicles”
- A significant and accelerating trend in the emission control catalyst (ECC) market is the rapid development and adoption of hybrid and electric vehicles (EVs), which is reshaping the landscape for emission control technologies and materials
- For instance, companies such as Johnson Matthey, BASF, and Umicore are investing heavily in R&D to develop advanced emission control catalysts tailored for hybrid powertrains, focusing on enhanced efficiency and durability to meet evolving emission regulations
- The shift toward hybrid and electric mobility is prompting innovation in catalyst formulations, such as nanoparticle technology and highly efficient metal oxides, to ensure compliance with stricter emission norms and extend catalyst lifespan in vehicles with variable engine use
- Governments worldwide are enforcing stringent air quality and carbon reduction targets, driving demand for selective catalytic reduction (SCR), three-way catalysts, and onboard diagnostics (OBD) systems in both new vehicles and retrofitting projects
- Collaboration between automotive OEMs such as Toyota, Ford, and Volkswagen and catalyst producers is increasing to develop solutions that balance performance, durability, and cost-effectiveness amid the transition toward electrification
