Friday, June 2, 2023

Electric vehicles could reach 55% of sales by 2030

The study forecasts a 38% increase in sales this year, reaching 14.5 million electric and hybrid vehicles.

According to a report by professional services firm EY, electric traction vehicles (EVs) will represent 13% of global sales in 2022, reaching 10.5 million units worldwide, up 55% from last year.

In addition, the Six Keys to Fixed Deployment of Electric Vehicles study projects a 38% increase in sales in this segment by 2023, reaching 14.5 million electric and hybrid vehicles worldwide. While by the year 2023, he estimates that the sales of these cars will reach more than half of the total i.e. 55 percent.

EY points out that reaching these figures would mean an increase of 74% in Europe, compared to 43% in the United States. In any case, to capture 55% of the automotive market in 2030 would push projections forward three years compared to the forecast in 2021.

In this sense, the report believes that increasing environmental awareness of buyers, an increasingly favorable regulatory environment and an increase in the diversity of the offer, are the reasons for increasing demand for these types of vehicles.

According to the Mobility Consumer Index 2022, 52% of users considering a vehicle purchase in the next two years will opt for electric or hybrid.

“Digitization and the introduction of new technologies in the manufacturing process will cover two key challenges: optimizing raw materials to further speed up manufacturing and creating a unique customer experience with significant economic and social value,” Responsible Automotive and Transport Partners he said. In EY’s Spain, Javier Ferre.

The study suggests that the definitive deployment of electric mobility requires work in six key areas, as although consumers have shown increasing interest, a response from the electric mobility ecosystem is necessary to achieve this.

In this sense, the first key is flexibility in the supply chain, which points to the need to invest in the optimization and autonomy of the electric car production chain. It also highlights clean energy to ensure renewable development and deployment that decarbonises all mobility processes, as well as implementing a public access charging network for all users and improving supply network security.

Lastly, the report points to digitization and talent management to improve smart mobility services and workforce recruitment.

Nation World News Desk
Nation World News Desk
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