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Jan 18, 2023 · 2023 outlook: Rising trends in the automotive industry. The automotive industry is coming out of one of its most challenging periods in history. There has already been plenty of discussion about how we arrived at this point, but what about the future ahead?
EV penetration in the US is expected to increase to 30% by 2030 (from about 5% currently) and hit 41% globally (from about 10% now), according to PwC’s auto industry forecast. And, by 2029, auto OEMs globally are forecast to launch over 1,000 BEV nameplates (nearly doubling the number in 2022), with North America accounting for about 170 ...
Oct 27, 2020 · Reimagining the auto industry’s future: It’s now or never | McKinsey. Electric mobility, driverless cars, automated factories, and ridesharing —these are just a few of the major disruptions the auto industry faced even before the COVID-19 crisis. Now with travel deeply curtailed by the pandemic, and in the midst of worldwide factory ...
May 9, 2023 · May 9, 2023 Over the past 20 years, the automotive sector has navigated a wave of disruptions; in the next decade, changes will come faster than ever—and with greater force and impact, write Kevin Laczkowski, Amuche Okeke-Agba, Andy Voelker, and Brooke Weddle in a new article.
Feb 17, 2022 · The top five automotive technology trends for 2022 are: Trend 1: Automakers Review Their Approach to Hardware Sourcing. Automakers are reevaluating their long-held inventory strategy following the just-in-time (JIT) principle, which led OEMs and Tier 1 suppliers have no buffer inventory to fall back on during the various chip shortages.
Dec 15, 2023 · Is the global automotive industry experiencing an economic downturn? High inflation rates and raw material price increases recorded throughout 2022 and 2023 have challenged the industry,...
Jan 30, 2024 · With new vehicle inventories stabilizing and pent-up demand fading, the automotive industry may return to normal in 2024 as it emerges from a tumultuous, pandemic-induced haze. But that doesn’t mean it will be a quiet year.
