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Vehicle Electrification Trends & Compliance

An increasing number of governments and businesses are pledging to achieve carbon neutrality within the next few decades. The electrification of vehicles is a big component of this plan. At COP26 in Glasgow, November 2021, 6 automakers and 30 countries pledged to phase out gasoline car sales.

What are the latest vehicle electrification trends?  Will they bring about an electrifying future for the international carbon neutrality initiative? Learn more automotive electrification trends from our latest publications below.

Stay current. Get timely insights on the changes in the auto industry. Sign up for vehicle electrification content curated for you.

Vehicle Electrification Trends & Compliance

In 2021, several automakers strengthened their commitment to the auto industry’s shift to electric vehicles (EV). They were also encouraged by national commitments to the goals of the 2015 Paris Climate Agreement and the enhanced commitments made at the 2021 United Nations Climate Change Conference (COP26) in Glasgow.

As a result of global commitments to wide-ranging policies to reduce vehicle emissions, and automakers' EV investment announcements, the auto industry's transition to EVs is accelerating with an increased emphasis on electric powertrains.

There will be a long way to go in the transition to EVs, although huge strides are expected to be made by the year 2030. Assessing expected changes up to 2030 help provide an understanding of how the industry is likely to develop. However, key players and key production regions may shift again between 2030 and 2040.

The top automakers are expected to account for more than 70% of global EV production by the year 2030, but they represent only 10% of all EV manufacturers. However, change is coming in terms of which companies will be the top EV producers. EV availability is expected to be more widely distributed across vehicle size segments by 2030 as EVs evolve to meet consumer needs.

Major vehicle manufacturers worldwide have signaled the end of an era of internal combustion engines (ICE) as the transition to zero emission vehicles (ZEV) is ramped up. Top vehicle manufacturers in the world have announced their pledge to only sell zero emission cars in the future, among the big names who have made the announcement to only sell zero emission vehicles are:

General Motors (GM) - conditional 2035
Ford of Europe - 2030
Jaguar - 2030
How have these new commitments and changes in the auto industry as well as the global dynamic changed expectations on a potential transition to battery electric vehicles (BEVs) as the dominant propulsion system?

Stay up to date on the evolving topic of carbon neutrality and vehicle electrification trends as the automobile industry heads toward a zero emissions future.

IHS Markit's team of automotive experts, analysts and thought leaders offers the actionable intelligence you need to make informed decisions. Ask an Automotive Expert a question.

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Andrew Fulbrook

Andrew is responsible for managing the global powertrain team and forecasts. He supervises future global product program intelligence and market analysis, future technologies and trends assessments, and qualitative consulting activities surrounding powertrain electrification. Prior to joining S&P Global, he worked extensively in the area of European powertrain and component research. He is widely quoted in European and global automotive publications, is often invited to provide keynote speeches and has written multiple editorial contributions over the years.Andrew holds a Higher National Diploma with Merit in Mechatronics, including Higher Mathematics, as well as a National Diploma in Engineering Science, both from Brooklands College, Surrey, England, UK.

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Claudio Vittori

His research area includes technology forecasting of e-mobility components, with a specific focus on electric motors power electronics and charging infrastructure.He has 8 years of experience in e-mobility, having worked for charging stations manufacturers, research institutions and an e-vehicle start-up in Switzerland, Germany and Italy.Claudio is based in Milan, Italy

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Devin Lindsay

His expertise includes hybrid and battery electric vehicle forecasting, the California Zero Emission Vehicle (ZEV) mandate, the consumer's relationship with alternative powertrains, and the impact of external factors concerning the future of the alternative powertrain market around the world.Previously, his research and analysis included engine and transmission forecasting for North America with emphasis on both Japanese vehicle manufacturers and Ford Motor Company. Prior to joining S&P Global, Devin performed automotive research and commentary on vehicle specifications and pricing for OEM vehicle comparisons.Devin holds a Bachelor of Arts in Sociology from the University of Detroit Mercy, US.

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Graham Evans

Graham leads the global research practice for Powertrain, E-Mobility, and Thermal Systems Component Forecasting. His research interests lie in the areas of batteries, motors, power electronics, charging infrastructure, legislation, and incentives, as well as conventional powertrain components and technologies such as exhaust after treatment. He is also Manager of the Europe, Middle East, and Africa (EMEA) Research & Analysis team.Previously employed in engineering positions within the automotive industry, Graham has 10 years' experience in Powertrain Development and Noise, Vibration, and Harshness (NVH) having previously worked for Ricardo, Bentley Motors, and Jaguar Land Rover.Graham graduated from Loughborough University in the UK with a Master's Degree in Automotive Engineering and is a Chartered Member of the Institution of Mechanical Engineers.

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Peter Varma

Peter primary responsibility is to enable automotive strategists to develop future products which comply with increasingly stringent environmental standards. He and his team do so by creating, perfecting and proliferating novel and predictive computational software technologies. His previous employers include Novation Analytics, Fiat Chrysler, Volvo and Bell Helicopter and he has accrued over 20 years of experience in product development, product strategy and program management.Peter holds a B.Sc. in Mechanical Engineering from the University of Alberta, a M.Sc. in Automotive Engineering from the Chalmers University of Technology and an MBA from the University of Michigan. He is currently pursuing a Ph.D. in Industrial and Systems Engineering at Wayne State University. His passions are strongly related to his engineering background and include audio, automobiles and motorcycles.

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Vijay Subramanian

Vijay is a Global lead for CO2 compliance business initiatives and forecast product offerings for S&P Global Mobility automotive team on the subjects of GHG, CAFE compliance, CO2 forecasting, and Cost / Investment forecasting. This also includes the regulatory impact assessment of car manufacturers investment and powertrain portfolio trends to meet competitiveness and compliance. Extensive experience on Climate change transportation policy for Europe, China, and NAFTA market and its contribution to Net Zero and Circular economy.He also served as a technology leader to manage cross-functional initiatives on vehicle portfolio optimization, cost-benefit technology selection and product planning to set fuel economy and energy management targets to meet regulation targets.Vijay is also well known within the auto industry for his contribution to news articles, whitepapers, press, conferences, panels, and speaking engagements around GHG/CO2 regulation for China, Europe, and US market.He is a subject matter expert for the S&P Global Mobility Automotive team on the topic of NetZero / Sustainability / Climate Change and resilience / Smart and sustainable cities / GHG/ Sustainability / Policy and regulation/ CO2 Compliance/ Cost Forecasting /Powertrain and Electrification /Energy Management.Vijay earned a Master of Engineering degree in 2004 and served in numerous roles with major manufacturers like Caterpillar, Chrysler, Jaguar Land Rover, and Changan before joining S&P Global.

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