Abstract:

Electrification will play an important role in the transformation of the mobility industry and presents major opportunities in all vehicle segments, although the pace and extent of change will differ. Launching new EVs in the market is an essential first step to ensure the fast, widespread adoption of electric mobility. Electric vehicles are coming, and we are on the right track regarding decarbonizing the transport sector, though more actions need to be taken. It is an industry transformation taking place at an unprecedented speed. It is also crossing industry borders, involving energy, infrastructure, mobility, and automotive players. While a significant challenge, it represents a vast opportunity for incumbents and new players to take a leading role in creating new multi-billion industries and jobs. The key will be to couple sustainability with economic viability through innovative technology and properly guided mobility transformation. Based on its diverse mobility landscape, focus on sustainability, and proven technology leadership, Europe could emerge as a role model for other regions globally.