In-EV-itable Faster adoption of electric vehicles on the road ahead

Friday 24 March 2017

Research / Market

In-EV-itable Faster adoption of electric vehicles on the road ahead

Conditions now look right for increased penetration of electric vehicles: batteries keep improving; conventional engine costs are rising excessively; there is real consumer appetite for electric vehicles; and they are now being shown a broader offering.

The consequences for the auto industry are clear-cut: in the short term, automakers will be burdened by heavier investment and expenses, while parts makers will get a boost from the emergence of a new market.