We expect the tipping point for e-mobility to be reached by 2026, with increased consumer demand leading to mass adoption of electric vehicles. Our deep expertise across every component of the e-mobility value chain can help you accelerate progress and achieve a winning edge.
Panel session with Automotive expert Gianluca Di Loreto
Join Us at the Future of the Car Summit
We’re pleased to be a sponsor of the tenth annual Future of the Car Summit, hosted by FT Live, May 7-9, in London. Our panel session will explore how to manage the shift from ICE vehicles to EVs: Should ICE assembly lines be overhauled, or should EVs be built in separate facilities? What business models best enable OEMs to adapt? How should ICE and hybrid vehicles be priced? We’ll explore these and other topics in a lively session that you won’t want to miss. Digital option available.
A Closer Look at Electric Vehicles
A Closer Look at Electric Vehicles
Sales of battery electric vehicles (BEVs) are expected to account for 38% of global vehicle sales in 2030 and more than 60% in 2035, up from 12% in 2023. Despite regional differences and short-term fluctuations (for example, changes in government subsidies), the industry shift from conventional combustion engine vehicles to battery electric vehicles is clear. Supportive regulatory environments and technological advances will further boost vehicle electrification despite some near-term headwinds.
What does this mean for car manufacturers today? Their commitment to EVs remains strong, with 100+ new models likely to be brought to market over the next three years. Following a temporary surge in battery prices in 2022 due to raw material price hikes, we expect prices to decline through 2030 due to process and technology improvements.
OEMs will need to carefully track a number of signposts that will affect the broad adoption of EVs, including:
- Customer acceptance and willingness to switch to BEVs
- Price parity of BEVs with conventional combustion engine vehicles
- Charging infrastructure
- Vehicle portfolio, including focus on affordable models
- Regulations/incentives
- Buildout of raw material supply chain, especially for EV batteries
Our Electric Vehicle Experts
Our Featured Insights on Electric Vehicles
In the News
How we can help
-
Energy & Natural Resources
Read more
Only by doing the hard things right do we make big things happen. In today’s hyper-competitive and rapidly changing global energy industry, success demands the right combination of strategic thinking, flawless performance, and an innovation mindset. As climate change and shifting consumer preferences redefine the business-social compact, we help our clients invest with an eye to environmental, social, and governance (ESG) strategies.
-
Strategy
Read more
Join the elite ranks of sustained value creators
-
Supply Chain & Operations Decarbonization
Read more
Unlock stronger financial performance by harnessing the power of sustainability with our global experts, cutting-edge capabilities, and strategic partnerships.
-
Sustainability
Read more
An integrated approach that connects sustainability to your strategy—and to results