What Growth and Investment Strategies Can OEMs Employ for Vehicle Electrification?

Localized battery development and production prioritized to cater to the regional electric vehicle demand

Overview

This analysis indicates that the global electric vehicle (EV) sector will record sales growth in 2023, with China, Europe, and North America set to be important contributors to this surge. Increased focus on reducing carbon emissions will drive EV demand in the coming years. Original equipment manufacturers (OEMs) have been rushing to gain a share of the competitive EV landscape through fresh launches and extensive investments for growth.

  • What are the investments made toward securing the supply chain of critical materials and products necessary for EV production?
  • Why are OEMs adopting localized development and manufacturing strategies to capture competitive segments?
  • Why is there a critical requirement for OEMs to work on improving their charging infrastructure network and ease EV charging?

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