In the bustling heart of Dhaka, Bangladesh, M.R.H. Mojumder, an associate professor at Daffodil International University, is spearheading a multidisciplinary effort to untangle the complexities of electric vehicle (EV) adoption. His latest research, published in the Alexandria Engineering Journal, delves into the intricacies of making EVs more cost-effective, a critical factor in accelerating the transition from fossil fuels to cleaner energy sources.
Mojumder’s work is a comprehensive review of the advancements, challenges, and prospects of cost-effective EVs, providing an integrated assessment of cost-curtailment strategies across the EV life cycle. “The key research question we’re addressing is how cost-effective current EV technologies are,” Mojumder explains. “This is a gap that needs to be filled to drive widespread adoption.”
The study highlights the varying barriers to EV adoption across different economic landscapes. In underdeveloped countries, the challenge lies in the lack of involvement, while developing nations struggle to establish EV ecosystems. Developed countries, on the other hand, are refining supportive policies. Mojumder’s research offers a multidisciplinary approach, combining emerging advancements in battery technology, innovative charging systems, and vehicle-to-grid (V2G) solutions with frameworks for safety, policy, and economic analysis.
One of the most compelling aspects of Mojumder’s work is its emphasis on critical yet underexplored issues. These include energy storage safety, charging network cybersecurity, grid stability, and the integration of renewable energy. “Beyond technical innovations, we need to address these critical issues to ensure a sustainable and cost-effective EV transition,” Mojumder states.
The research also evaluates the evolving role of government incentives, standardization, and innovative financing in supporting this transition. Market trends are contextualized, highlighting the decline in battery costs to US$105/kWh by 2024, with projections of $75/kWh by 2030. Additionally, the global number of charging stations is expected to grow to 12.5 million, a significant increase that will support the growing number of EVs on the road.
Mojumder’s work outlines specific research gaps across multiple domains, offering strategic guidance for future research and policy. By bridging engineering, economic, and environmental perspectives, his research supports scalable and resilient EV adoption.
The implications for the energy sector are profound. As EVs become more cost-effective, the demand for electricity is set to surge, reshaping the energy landscape. Utilities will need to adapt, investing in grid modernization and renewable energy integration to meet the growing demand. The rise of V2G solutions, where EVs can feed electricity back into the grid, could revolutionize energy management, providing a new source of flexibility and resilience.
Moreover, the decline in battery costs and the growth of charging infrastructure will make EVs more accessible, driving market growth and creating new commercial opportunities. From charging station networks to battery recycling and second-life applications, the EV revolution is set to create a wave of innovation and investment.
Mojumder’s research, published in the Alexandria Engineering Journal, which translates to the Journal of Alexandria Engineering, provides a roadmap for this transition. By addressing the key challenges and outlining strategic guidance, his work is set to shape future developments in the field, driving the energy sector towards a more sustainable and cost-effective future. As the world grapples with the urgent need to reduce emissions and combat climate change, Mojumder’s insights offer a beacon of hope, illuminating the path towards a cleaner, greener future.