Automotive

In 2020 the adoption of Electric Vehicles (EVs) accelerated across the world, particularly in Europe and the US. This growth was driven by heavy incentivization to promote EV sales and boost the overall automotive market. Global EV penetration in 2020 was 4.8%. In Europe it was 9.7%, and in the US, it was 2.3%. This rapid growth has sustained into ...

With the growing electrification of vehicles across the globe, there has been increased demand for electric vehicles, especially electric two-wheelers, as they are the fastest growing transport mode in most developing countries. Further, the COVID-19 situation has also forced commuters to avoid public transport and transition toward personal mobili...

This study assesses the overall two-wheeler (2W) market in the United Kingdom, comprising both internal combustion engine (ICE) and electric motorcycles. The objective of this study is to look at factors that are transforming the 2W space and how the UK market is positioning itself to transition toward electric solutions. The study moves from a ...

09 Nov 2021  |  Asia Pacific

ASEAN Shared Mobility Growth Opportunities

Transformative Mega Trends Lead to Automotive Electrification and the Innovation of Super Shared Mobility Applications

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The study assesses the key shared mobility trends in the Association of Southeast Asian Nations (ASEAN), covering Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. Key shared mobility activities discussed in the study include car sharing, eHailing, ride sharing, demand-responsive transit, and micro mobility....

Latin America is going through challenging times with isolation measures and economic difficulties due to COVID-19. The global microchip shortages and the closure of regional automotive factories impacted new car sales, and stimulated the rise of their prices. It also provoked the increase of used car sales and prices in the region. In 2020, 18.5 m...

03 Nov 2021  |  Global

Global Electric Corner Module Market, Growth Opportunities, 2021

Vehicles with Electric Corner Modules Expected to be Fitted in LCVs and PBVs, Accounting for 1.8% of the Total BEV Market by 2030

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An electric corner module (ECM) encompasses an electric drive, suspension, steering, and braking systems, increasing modularity and reusability. Purpose-built electric vehicles are expected to benefit from such a system because of the ever-changing requirements of future mobility and city transportation systems. With ECMs, the number of participant...

01 Nov 2021  |  Latin America

Brazilian Light Vehicle Leasing Growth Opportunities

The Rise of New Mobility Services is Driving the Growth Strategies of the Market

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Vehicle leasing can be a solution to the growing number of challenges companies face concerning their mobility needs. These include challenges associated with vehicle funding, fleet maintenance, and, more importantly, residual risk handling. Businesses are focused on their core products/services and seek to outsource support activities. Mobility is...

The rising demand for cleaner vehicles to mitigate the effects of climate change by reducing greenhouse gas emissions pushes governments at federal and state levels and city municipals in North America and Europe to move quickly toward policies favoring electric vehicle (EV) adoptions. Major European cities are forecast to ban diesel vehicle entry ...

26 Oct 2021  |  North America

North American Used Car Growth Opportunities

Lack of New Cars for Sale and Demand for Digital and Contactless Services Influence Growth Strategies

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The COVID-19 pandemic and global shortages of microchips have had a huge negative impact on the North American used car market (the United States and Canada). Factories and dealerships remained closed during lockdowns, which stalled car production and sales. After they reopened, the lack of microchips interrupted car production once more. Although ...