An Automotive Minute [S2|E41] The EV Market with Stephanie Brinley
Investment in electric vehicle manufacturing has been in the news lately, with announcements from General Motors, Ford and FCA, as well as Volkswagen’s introduction of the ID.4 which will see production in the US.
Daimler, BMW and Honda are also expected to add US EV production by the end of the decade. In 2026, IHS Markit forecasts that about 10% of US light-vehicle production will be electric vehicles, compared with just under 4% in 2019.
With expectations for a Democratic president in the White House in January, vehicle emissions regulations may shift to more aggressive targets. Though the government has regulatory and incentive levers which could speed consumer adoption, the trajectory toward EVs is already set, relative to most automaker strategy and long-term investment plans. The increased manufacturing is bringing more models to market, delivering more consumer choice. Increased choice and availability will be as critical to increasing consumer adoption as incentives or regulations.
I’m Stephanie Brinley and this has been an IHS Markit Minute.
Recommended for you
- Autology: Money on the move - R&D budgets of the future
- Fuel For Thought [S3|E7] - Automotive Electrification and Decarbonization: Shifting gears towards Net-Zero
- Autology: How long does it actually take for an EV to charge?
- Autology: The blueprint - How 3D printing will be used in cars
- Autology: Robot wars - Why Android is beating the competition
- Autology: Chips ahoy! Making up the chip shortfall
- Fuel For Thought [S3|E6] - The Chip Dip
- Autology: 5G on wheels - Revolution or evolution?