Electric Vehicle Tyre Market

Electric vehicle tires have a battery pack installed to power the electric motor. In terms of construction and performance, electric vehicle tires differ from standard car tires. A typical electric vehicle tire is made of metal and is puncture-resistant. Because the metal casing makes the tire heavier, moving it requires more force than moving a rubber tire. 

Electric vehicle tires are also smaller in diameter than standard car tires, making them ideal for use on small cars and motorcycles. On the other hand, regular car tires have a larger diameter and are better suited for large vehicles and trucks.

These companies produce both premium and low-cost electric vehicle tires. Finding suitable materials and making them durable enough to withstand high energy consumption levels are two significant challenges these companies face when designing electric vehicle tires.

The main strategies adopted by these tire companies to thrive in the electric vehicle tire market are product innovation, expanding their distribution channels, and increasing their R&D spending. Michelin has prioritized the development of electric vehicle tires with low rolling resistance (LRR). Continental is placing its bets on hybrid tires, which combine rubber and air technology. 

Some major electric vehicle tire market players are Michelin, Continental, Goodyear, Pirelli, and Yokohama Rubber.