Although the electric vehicle (EV) has been around for over 100 years, early solutions were not very popular or very practical and had limited capabilities. The need for EVs was minimal until the late 20th century when gas shortages and environmental concerns came to the fore. By this time transportation emissions regulations were issued which created a renewed interest in EVs, and a need for original equipment manufacturers (OEMs) to comply to produce vehicles that met the new restrictions being imposed.
In this white paper on electrification, we analyse the results of interviews with more than 130,000 from consumers around the world to understand:
- current consumer behaviour regarding combustion engines and EVs;
- familiarity and purchase consideration with different types of vehicles;
- the benefits of and barriers to owning and driving EVs;
- who is most interested in EVs; and
- the most trusted partners to offer EVs and mobility services.
This is the second in a three-part series on future mobility. The first is 'The Future of Mobility: On the road to driverless cars'.
China Automotive Aftersales Industry
China's boom has meant dramatic growth in passenger vehicle sales, with its large population providing vast potential for continued increases in the future. These rising numbers mean growth in related industries, such as repairs and maintenance as well as auto finance, car beauty and modification, and secondhand sales.