TORONTO, Feb. 13, 2012 /CNW/ - Internal combustion engines are not going
away anytime soon, especially as fuel efficiency and performance
standards continue to improve, according to KPMG's 13th annual Global Automotive Executive Survey. However, automakers are expected to pump investment into electric
technology as part of their long-term strategy.
"The need for new electric propulsion technology is still top of mind
for auto executives around the world given the demand that will be felt
in the emerging markets," said Peter Hatges, Partner, KPMG and Lead of
KPMG's Automotive practice. "Automotive companies will continue to
invest heavily in electric propulsion and will play a leadership role
in the development of these emerging technologies going forward. The
race is on, but there is no clear winner at this point."
The Global Automotive survey found that:
Electromobility is not predicted to exceed 15 percent of new car
registrations globally by 2025.
Executives in North America and Western Europe expect even less adoption
of electromobility in the short-term, projecting e-vehicles will only
account for 6-10 percent of global annual sales.
Nearly two-thirds say that optimization of the internal combustion
engine offers greater efficiency and the most potential for carbon
emission reduction than the current technologies over the next 5 years.
While the industry continues to weigh the benefits and challenges of
various electrified fuel technologies, the ownership of the
e-components space (battery management and chemistry, power
electronics, e-motors, battery cells and packs, etc.) will draw intense
competition among original equipment manufacturers (OEMs) and
suppliers. Fifty-four percent of respondents said that electric
component suppliers will gain a bigger role by 2025 and 40 percent of
respondents predict that OEMs will lead in that area in addition to
traditional power train technologies.
"Electromobility is a colossal issue for the industry," said Hatges.
"The key automotive players should have a clearer vision on this, even
though how and when fully electric cars will be a reality is dependent
on a variety of complex and interrelated factors."
For the KPMG Global Automotive Executive Survey 2012, KPMG interviewed
200 C-class global automotive executives, including 25 from North
America, representing vehicle manufacturers and suppliers, from October
through November 2011. KPMG has released an annual survey of automotive
executives expressing their views on the state of the industry since
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the Canadian member firm of KPMG International Cooperative ("KPMG
International"). KPMG member firms around the world have 145,000
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SOURCE KPMG LLP
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