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The skateboard architecture refers to an actual physical platform, which forms the floor of the vehicle, and incorporates the battery. For instance, in February 2020, Hyundai, partnered with Canoo, a Los Angeles-based company creating EVs, to jointly develop an electric vehicle (EV) platform.
Electric cars are available in Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV), Fuel Cell Electric Vehicles (FCEV) which are used for personal home use or commercial use. The global electric cars market is expected grow from $482.32 billion in 2020 to $657.41 billion in 2021 at a compound annual growth rate (CAGR) of 36.3%.
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