A new industry survey by KPMG concludes that industry executives and car buyers are less than bullish on the commercial prospects for pure-battery electric vehicles.

KPMG on pure battery EVsClick image to enlarge

Fifty-four per cent of global auto executives surveyed for the 2018 KPMG Global Automotive Executive Survey said that infrastructure challenges will prevent the technology from succeeding commercially. Sixty per cent (66% in the US) said the time required for recharging will deep-six the vehicles.

Consumers aren’t sold on BEVs either, KPMG points out, preferring hybrids or internal combustion engines over BEVs.

The gloom and doom hasn’t stopped OEMs from committing billions of dollars to research across the spectrum of electric powertrain technologies. Other than internal combustion, 72% of the 1000 executives surveyed said they would invest in hybrids and plug-in hybrids, followed by 69% for pure battery electric, and 67% for fuel cells.

Asked to identify who the electric vehicle leaders will be in 2025, executives outside picked BMW (21%) and Tesla (14%). US ranked Tesla on top (20%), BMW second (15%), Ford third (8%), and GM and Toyota tied in fourth at 7%.

Seventy-seven per cent of respondents (85% in the US) said they believe fuel cells are going to be where electric mobility makes its real breakthrough.

Pure battery electrics didn’t get a break from car buyers either. In conjunction with the survey, KPMG also polled 2,100 consumers from 42 countries to get their views. Thirteen per cent of consumers outside the US – and 5% in the US – said they’d buy a pure battery electric vehicle over the next five years.

Similar Articles

The factory of the future at FABTECH 2016

If anyone had any doubts about where the metal fabrication industry is heading in the future, FABTECH 2016 held recently in Las Vegas, NV, put those doubts to rest. 

Magna forming electric vehicle joint ventures in China

Magna International Inc. has announced that it is forming two joint ventures with Beijing Electric Vehicle Co. (BJEV), China’s biggest electric vehicle manufacturer, to engineer and build EVs in China.

Canadian auto suppliers get opportunity at Magna

Canadian automotive suppliers will have an opportunity to present their capabilities to Magna International on June 24 during the Canadian Innovation Fair at Magna's Troy, MI, facility.

Interested suppliers were asked to submit their applications earlier in June and were contacted by APMA if they had been selected.

The Consulate General of Canada in partnership with the Automotive Parts Manufacturers' Association (APMA) are being given an opportunity to showcase Canadian automotive capabilities at Magna's US facility. Canadian suppliers who apply for the opportunity, will be given the chance to meet with the company's purchasing and engineering managers.

Magna says it's interested in learning about new products, processes, materials or other innovations in the following areas: connected car (e.g. software, advanced camera vision); powertrain (e.g. alternate propulsion technologies); lightweighting (e.g. laser welded blanks, joining technologies); interior and seating systems; testing/production/material handling; and safety systems.

For more information, visit APMA online.

Welding group launches post secondary awards program

The CWA Foundation has introduced the Post Secondary School Awards program for Canadian welding students.

TRUMPF grows with Chicago expansion

TRUMPF plans to expand its operations with a new 50,000 sq ft facility in Chicago, IL, that will house a Technology Centre and a Centre for Excellence for Industry 4.0. The facility will be completed by mid-2017.

Stay In Touch

twitter facebook linkedIn