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An Automotive Minute [S2|E41] The EV Market with Stephanie Brinley

19 November 2020 1:04 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.

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Speaker: Stephanie Brinley, Principal Automotive Analyst, S&P Global Mobility

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