Navigation Through Electrification: Projected Powertrain Development to 2030
The global automotive industry is gearing up for a significant transformation, as a report from Automotive by Ultima Media reveals. The shift towards hybrid and electric powertrains is expected to dominate the landscape, with their market share rising from around 8% to a staggering 55% by 2030.
In the United States, the market share for electric vehicles is predicted to be lower due to looser environmental policies and lower population density, with a greater role for petrol internal combustion engines (ICEs). However, this does not mean a standstill for electric vehicles. Consumers may still find themselves faced with a confusing range of hybrid and electric options, from mild hybrids to plug-in hybrids, pure electric vehicles, and even fuel cells.
The report offers a detailed analysis of this shift, highlighting the risks involved, such as increased research and development, production, and supply chain costs due to regional divergence in government policy complicating economies of scale and return on investment for original equipment manufacturers (OEMs).
Regional adoption of hybrid and electric powertrains will vary significantly. Europe and China are forecasted to see a nearly sevenfold increase in sales of fully electric powertrains by 2030. Japan, the Rest of APAC and Oceania, North America, Central and South America, the Middle East, and Africa will also experience a notable rise in the adoption of these technologies.
Pure petrol and diesel-based powertrains are expected to see double-digit declines over the decade. This shift will threaten many existing plants and suppliers, creating a need for new manufacturing and supply chain locations.
The report also offers insights into the opportunities this shift presents. Suppliers, startups, and synergies will find fertile ground in this new landscape. The shift to electrification will also transform vehicle engineering and design, ushering in new powertrain and material technology from tier one suppliers, battery manufacturers, and startups.
The report provides detailed forecasts, definitions, and analysis by powertrain type, region, and major markets. It also delves into regulations and their implications for OEMs and tier suppliers. The report includes 30 tables and charts to aid understanding and visualise the data.
The report from Automotive by Ultima Media also highlights European car manufacturers and startups focused on small, affordable electric cars that are clean, efficient, lightweight, economical, and built with European supply chains. This emphasises the need for Europe to compete against China in the electrification of the automotive sector.
In conclusion, the report offers a comprehensive analysis of the global shift towards electrification in the automotive industry. It provides insights into the risks, opportunities, and regional differences, making it an invaluable resource for anyone interested in this transformative trend.
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