Automotive & Transportation

Automotive Electrification Presenting New Opportunities to Logistics and Supply Chain Companies

Published: 14 Jan 2019

By Praveen Chandrasekar, Consulting Vice President, Intelligent Mobility

The International Energy Agency projects that 125 million EVs could hit the road by 2025, leaping considerably from roughly 3.2 million today. From what once accounted for a handful of models a decade ago will take 23% of the global passenger vehicle market by 2025. In just a few years, Tesla, the all-electric market disruptor, has eclipsed the valuation of the likes of Ford and GM, having just two production models to market. Not to be overshadowed, GM is a leader among EV-minded automakers as the only OEM successfully producing them at scale today with its Bolt and Volt. Other automakers are following fast. Renault-Nissan plans to offer 8-12 battery-electric vehicles by the early 2020s. In fact, nearly all automakers have understood the need to transition out of petroleum-based combustion engines and penetrate the EV market. BMW announced its goal of 15-25% of group sales from EVs by 2025, while Volkswagen aims to sell 2-3 million EVs by that time. With this in mind, Frost & Sullivan projects that global sales of electric vehicles could reach 30.8 million units by 2025, surging at an aggressive 29% growth rate.

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