Abstract:

While electrification represents the biggest technological development in automotive power trains in decades, there is still significant uncertainty as to when large-scale adoption of electric vehicles (EVs) will occur. The working definition of an EV is a light vehicle with an electric power train. The two most relevant segments of EVs – which are the focus of this report – are battery-powered electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs). There is currently a lack of systematic and fact-based investigation of e-mobility industry dynamics which is necessary to understand (i) what is still holding back the mass-market adoption of EVs and (ii) what is required to finally become mainstream. The key insights yielded from the research and analyses are explained in more detail in this report.