With global EV sales approaching 14 million cars in 2023 with a year-on-year growth rate of 35% it is clear that EVs are gaining acceptance rapidly.
In 2021, China recorded the strongest growth in the EV market with around 3.2 million EVs sold. This was an increase of 2 million EV units compared to 2020 which was more than the combined increase of all other regions taken together.
While it may require an initial higher investment when compared with other materials, stainless steel’s unique properties deliver long-term performance and economic benefits including minimum downtime, reduced maintenance costs and reduced environmental impacts.
New advances in the use of Artificial Intelligence have the potential to speed up the process of alloy development.
Ever-tightening sulphur oxide (SOx) emission regulations are increasing the use of marine scrubbers globally. Scrubbers operate in a highly corrosive environment and require the resilience of nickel-containing alloys to prevent failure.