[phlipski]

It's a classic chicken and egg economic problem. BMW doesn't make the chips/electronics that support the 48V architecture - Bosch & Continental (with NXP/TI/Infineon/Renesas as their silicon suppliers) do and they're not going to support 48V unless ALL (or a significant majority) of the automakers will. So it's a game of chicken.

[maxerickson]

The semiconductors have been available for 20 years.

[michaelt]

Eh, yes and no.

I designed some stuff along these lines 15 years ago. At that time, 12 volt stuff was not just available, it was available with great economies of scale and a huge range of options, off the shelf. You need an automotive-qualified relay? A light? A solenoid? A DC-DC converter module? A fan? You'd have 100 choices at 12v, 30 choices at 24v and 3 choices at 48v.