EV CHARGING EPC

Electrification: In 2030, the share of EVs could range from 40 to 50 percent of new vehicle sales. Adoption rates could be the highest in developed, dense cities with strict emission regulations and higher consumer incentives (tax breaks, special parking and driving privileges, discounted electricity, etc.). Penetration may be slower in small towns and rural areas with less charging infrastructure and a higher dependence on driving range. Continuous improvements in battery and charging technology could minimize such local differences, and EVs are expected to gain more market share from conventional vehicles.

Shared mobility: Mobility options like car-sharing, bike-sharing, ride-sharing (carpooling and vanpooling) and on-demand ride services are gaining significant traction in metropolises. Shared mobility offers easy, on-demand availability, the flexibility to choose vehicle type as per need and freedom from parking hassles. It also cuts down costs related to car ownership, such as maintenance, service and insurance. In the US, the percentage of vehicle miles travelled in ridesharing cars stood at 1 percent in 2016.

Connectivity: Automotive connectivity comprises four relevant functional groups— in-car content and services (e.g., navigation or entertainment), vehicle relationship management (e.g., remote diagnostics), insurance (e.g., telematics-based insurance solutions) and driving assistance (e.g., semi-autonomous driving features). The market for fully or partially integrated in-car infotainment systems could grow from 18 million units in 2015 to 50 million by 2025 given the convenience offered by such systems.