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.

Auto union secures GM truck program for Ontario plant

Assembly of the GM Oshawa K2XX truck seats will continue to be produced at Lear Corp.'s Whitby, ON, plant after members of the automotive workers union, Unifor, ratified a new collective agreement.

The six top material breakthroughs of 2017

Ink from car exhaust, 3D graphene and a brand new blue are among the top material breakthroughs of 2017, according to a story from CO.DESIGN. 

Canadian group acquires US auto parts maker

Two Quebec-based manufacturers and an investment firm have formed a group to acquire a US Tier 2 automotive parts manufacturer.

Sandvik to acquire CGTech

Sandvik has agreed to acquire CGTech, a NC/CNC simulation, verification and optimization software developer.

Formtek to distribute Italian line in North America

Formtek Inc., Cleveland, OH, has become the exclusive North American distributor for Bossi, an Italian manufacturer of inline and secondary surface processing equipment for roll forming and tube mill systems, based in Milan.

100th military trailer completed at Arne’s Welding

Mack Defense has announced the completion of the 100th Load Handling System (LHS) Trailer, as part of the Canadian Army's MSVS – SMP Program.

Montreal engineering firm becomes largest in world for aerospace robotics

A Montreal, QC, engineering firm has merged with a Quebec automation company, creating what the companies claim is the world's largest engineering firm specializing in robotics for the aerospace industry.

Major US aerospace firm eyes BC Lower Mainland for aircraft plant

Abbottsford B.C. could be the site for a major new aerospace manufacturing plant.

McMaster opens $11 M engineering hands-on learning centre

McMaster University's Faculty of Engineering has opened a 28,000 sq ft student centre for hands-on learning.

Tenaris eyes Sault Ste. Marie as its tube-making hub

Multinational manufacturer Tenaris, is planning to consolidate all of its pipe manufacturing operations into its Tenaris Algoma Tubes division in Sault Ste. Marie, Ont.

Canadian aerospace industry poised for growth: report

Canada's aerospace industry will continue to be an economic driver in the country says new report

The Canadian aerospace industry contributed 172,000 jobs and nearly $28 billion to the Canadian economy in 2013 and it's expected to continue to contribute to the country's growth in coming years according to a report from the Aerospace Industries Association of Canada (AIAC) in partnership with Industry Canada.

Manufacturing Day improves industry profile: survey

Manufacturing Day 2015 events across North American have helped to improve the perception of industry among the public, according to a Deloitte survey.

Sandvik Coromant, Xerox division partner for digital manufacturing

Sandvik Coromant is partnering with PARC, a Xeroc company to strengthen its capabilities in digital manufacturing.

Former MT Connect head joins Memex Automation

Dave Edstrom, the past president and chairman of the board of the MT Connect Institute, has joined the senior management team of Burlington, ON, company, Memex Automation.

Magna partners with RocketSpace for automotive innovation

Tech startups now have a new route to bring their inventions to life in the automotive industry, thanks to a new collaboration between Magna and RocketSpace. 

Stay In Touch

twitter facebook linkedIn