Advanced battery management software will save automakers $18 billion by 2030

Advanced battery management software will save automakers $18 billion by 2030



Advanced Battery Management System (BMS) software can save automakers $18 billion annually by 2030, equivalent to a cumulative savings of $76 billion starting from 2024. The latest research by global technology intelligence company ABI Research has found that intelligent BMS software can reduce the size of electric vehicles (EVs) Battery without reducing its range.



This reduces the cost for original equipment manufacturers to manufacture electric vehicles, helping them mitigate the impact of limited battery production and achieve profitability.



According to Dylan Khoo, an electric vehicle analyst at ABI Research:



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Original equipment manufacturers are facing two competing issues: customers' demand for electric vehicles with larger driving ranges, and a shortage of electric vehicle batteries due to limited supply of key minerals and limited manufacturing capacity.



Advanced BMS software allows electric vehicle batteries to be charged to higher levels and discharged to lower levels without damage or premature aging, thereby increasing their usable capacity and solving these two problems. These solutions can be purely adopted through software and run as AUTOSAR applications to enhance existing BMS functionality



Qnovo's SpectralX is an example of a pure software intelligent BMS solution that not only increases range by 10%, but also enables faster charging and minimizes degradation, thereby extending the lifespan of electric vehicle batteries. This technology can enable the global electric vehicle industry to reduce the required battery production by approximately 300 GWh by 2030, significantly alleviating the pressure on the battery supply chain and manufacturing costs.



Outside of the software field, wireless BMS (wBMS) hardware will also allow batteries to abandon the connection line, thereby helping to reduce costs. The installation and maintenance of wiring harnesses are both expensive and time-consuming, and increase the weight, volume, and failure point of the battery.



General Motors was the first major automaker to adopt wBMS and its Ultium platform, developed in collaboration with Analog Devices and Visteon. Major component suppliers such as Marelli, NXP, and TI also provide wBMS products; ABI Research predicts that the cost-effectiveness of this technology will make it a leading solution for the next generation of electric vehicle platforms.



Except for Tesla, most original equipment manufacturers are currently striving to make substantial profits from their electric vehicles. For example, Ford expects a pre tax loss of $3 billion in its electric vehicle business this year. One key factor is the high cost of batteries and the difficulty in expanding production to meet rapidly growing demand



BMS software can effectively extract more energy from smaller batteries and reduce production costs. As an application layer solution, it can be applied to multiple battery formats without the need for design or manufacturing changes, "Khoo concluded.



These findings come from ABI Research's application analysis report on battery management systems for electric vehicles. This report is part of the company's electric vehicle research service, which includes research, data, and ABI insights. The application analysis report provides in-depth analysis of key market trends and factors for specific technologies based on extensive preliminary interviews.

 
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