S&P Global | The ICE May Finally Be Melting
Transportation & Mobility/Electrification (EVs/built environment)
With the environment at the front and center and driving government policy for transportation, OEM commitment and investment for a transition to zero emissions electric vehicles will support growth in manufacturing and sales of ZEVs in the second half of this decade. However, consumer adoption remains a wild card, with education, affordability and infrastructure key issues holding adoption back. Will EVs be on track to tip the balance away from ICE vehicles in the timeframes set by global policy makers?