News: Car makers not betting on electric cars
Most car makers don't expect electric vehicles to take more than 15% of the global market in the next 12 years, according to a survey carried out by KPMG.
KPMG surveyed more than 200 global motor industry executives and found that most were investing in downsized petrol and diesel engines to keep ahead of ever tightening emissions regulations, rather than going for pure electric vehicles. The survey certainly seems to back up something that Toyota said late last year, when its European sales boss said that customer needs were better met by hybrids and plugin hybrids than by pure battery EVs.“When you look at current MPG estimates for new cars, it’s very evident that automakers are continuing to significantly improve engine efficiency”, KPMG’s National Automotive industry leader Gary Silberg said, speaking to The Detroit News. “What’s clear is that the internal combustion engine is not going anywhere soon.”
The study also found that more than 60% of car makers were preparing to invest in their factories to make production more efficient and that the executives polled picked BMW, Hyundai and VW as the car makers most likely to increase their global sales over the next year.
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