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The market for silicon carbide (SiC) devices in EVs

Back in April, Exawatt launched its first dedicated report on the potential of silicon carbide (SiC) semiconductors in electric vehicles (EVs). Since then the industry has continued developing at a rapid pace, with auto manufacturers and suppliers increasingly embracing the technology. Companies in the SiC supply chain have also been busy, with a wave of investments in products and capacity, plus an increasing push to vertically integrate and consolidate within the industry.

Exawatt has expanded the scope of its report for Q2 2021, including:

• Addition of SiC module cost/price analysis and forecasts – Exawatt predicts the combined SiC device and module total addressable market (TAM) for EVs will be between $3.3 and $4.3 billion across our three scenarios in 2030

• Expanded EV system cost-benefit analysis

• Updated data and forecasts on the EV market

• Analysis of recent auto manufacturer commitments to SiC and EVs

• New analysis on SiC supply chain vertical integration strategies and supply agreements/strategic partnerships

• Updated SiC industry news and announcements

To find out more about Exawatt’s new report and its custom work in SiC, please contact lead SiC analyst Adam Dawson (