Volkswagen Group delivered 572,100 all-electric vehicles in 2022

More

Mazda MX-30 e-Skyactiv R-EV revealed at the Brussels Motor Show

More

Ram Unveils 1500 Revolution BEV Concept In Las Vegas

More

Peugeot Inception Concept Revealed At CES 2023

More

Truemag

  • Electric Car News
  • Electric Car Reviews
  • Plug-in Hybrids
  • Technology
  • Home
  • About Us
  • Privacy Policy
  • Advertise
  • Charging Map

Electric cars will dominate UK market by 2025, survey reveals

UK automotive executives expect that more than half of today’s car owners will not want to own a car in less than a decade, according to KPMG’s Global Automotive Executive Survey 2017.

The survey found that 74 per cent of UK automotive executives think that until 2025, more than half of car owners today will not want to own a vehicle, as self-driving technology and mobility as a service will take priority.

John Leech, UK Head of Automotive at KPMG, said: “The UK is particularly suited to the early adoption of self-driving cars consumed as a service. Our greenbelt policy has created a relatively dense urban population which, when coupled with our high fuel prices, means that so-called “robot taxis” offer a greater cost saving to the UK public, compared to European or North American markets.  I believe robot taxis will revolutionise UK urban transportation in the second half of the next decade.”

The report findings revealed that 62 per cent of UK automotive executives view diesel technology as a thing of the past, expecting the traditional powertrain technology to eventually vanish from the manufacturers’ portfolio. Meanwhile, a staggering 93 per cent of UK automotive executives are planning to invest in the technology for battery electric vehicles over the next five years.

For the first time, battery electric vehicle technology has overtaken connectivity and digitalisation as the key trend in this year’s survey. The report revealed that 90 per cent of UK automotive executives expect battery electric vehicles to dominate the automotive marketplace by 2025.

“Improvements in the cost and range of battery technology, coupled with growing concern over the emission of both carbon dioxide and nitrogen oxides from diesel engines, means that almost the whole automotive industry believes that the mass adoption of electric cars will happen during the next decade,” said Leech.

With consumers shifting to using cars but not owning them, it’s likely there will be fewer cars and therefore less money to be made from building vehicles in the future. This does not worry the majority of automotive executives: 85 per cent of the respondents said they are convinced that their company will generate higher revenues by providing new digital services, than selling cars alone.

“Carmakers plan to sell a myriad of new digital services to vehicle users. Today carmakers already make substantial profits from the sale of consumer finance and annual vehicle insurance but this will grow in the future as innovative services such as remote vehicle monitoring and the integration of the car as a focal point in people’s ever more connected lifestyles are demanded by consumers.

“For the auto industry this implies that pure product profitability is outdated. Carmakers’ success will not be evaluated solely on the quantity of vehicles sold, but on the customer value over the whole lifecycle – especially when the digital ecosystem will be ready for the market.

“So OEMs need to rethink. More than three out of four executives believe that one connected car can generate higher revenues over the entire lifecycle than 10 non-connected cars.” concluded Leech.

Jan 10, 2017Blagojce Krivevski
BMW sold over 62,000 electrified vehicles in 2016Motorsport Network Takes a Stake in Formula E
You Might Also Like
 
Xtrac Expands Its Family Of Integrated Lightweight Electric Vehicle Transmission Systems
 
New MIT Battery Could Make Charging as Quick as Pumping Gas
Blagojce Krivevski

Blagojce Krivevski is physicist and green technology lover. Keep in touch with Blagojce through his email, web site, Twitter, Linkedin, Facebook and Google+.

January 10, 2017 Electric Car NewsAutonomous Drive, Driverless cars, electric cars, UK
Follow Us
  • facebook
  • twitter
  • google-news
  • linkedin
  • youtube
  • instagram
  • feedburner
Recent News
Lexus and ChargePoint to provide RZ 450e drivers with convenient, accessible charging solutions
January 26, 2023
From diesel to eTransporter in just a few days, ABT e-Line offers conversion of used T6.1 to battery drive
January 26, 2023
Vauxhall’s Astra GSe and Grandland GSe now available to order
January 26, 2023
New Pirelli P Zero Elect Tyres For The BMW i4 M50
January 26, 2023
Stellantis Recalls 76,000 Chrysler Pacifica Hybrid Minivans To Fix Engine Issue
January 25, 2023
About
ElectricCarsReport.com ElectricCarsReport.com is a website dedicated to pure electric vehicles and the full range of consumer information and tools about electric cars, green technology energy, and the environment.
Latest News
Lexus and ChargePoint to provide RZ 450e drivers with convenient, accessible charging solutions
January 26, 2023
From diesel to eTransporter in just a few days, ABT e-Line offers conversion of used T6.1 to battery drive
January 26, 2023
Vauxhall’s Astra GSe and Grandland GSe now available to order
January 26, 2023
Subscribe

Sign up for our newsletter to receive the latest news and event postings.

Get in touch

Email: [email protected]

Archives
  • facebook
  • twitter
  • google-news
  • linkedin
  • youtube
  • instagram
  • feedburner
DMCA.com
© ElectricCarsReport.com | All Rights Reserved.