How understanding consumer mindsets can drive EV enthusiasm
Advanced Manufacturing and Mobility Business Minute
Release Date: 08/31/2023
How to prioritize innovation in the great automotive value shift
Advanced Manufacturing and Mobility Business Minute
In this episode, EY Global Advanced Manufacturing and Mobility analysts Gaurav Batra and Anuj Chandna discuss the great value shift taking shape in automotive sector. The automotive industry is experiencing a significant shift in value creation, moving from traditional sources to emerging technology-driven opportunities. As this takes place, the full impact and the necessary responses from companies remain uncertain. It is important for auto players to identify emerging areas of value and assess whether there is sufficient technical capabilities and talent to compete in these new areas. It is...
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How digital technology can drive energy efficiency and sustainability
Advanced Manufacturing and Mobility Business Minute
In this episode, Craig Coulter and Sai Yadati from the EY Advanced Manufacturing and Mobility team, examine what industrial companies can do to accelerate their sustainability initiatives. As the urgency for carbon net zero mounts, industries are compelled to innovate and transform. The EY 2023 Sustainable Value Study reveals that the majority of advanced manufacturing and mobility (AM&M) companies are actively pursuing emission reductions, with a significant number targeting carbon neutrality and net zero within three decades. However, they face persistent challenges, including the...
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How AI will transform industrials
Advanced Manufacturing and Mobility Business Minute
In this episode, Alison Clark, EY UK Advanced Manufacturing and Mobility Leader, explores the roadmap to overcome challenges and leverage AI’s potential in industrials. Driven by the rapid adoption of artificial intelligence (AI) and generative AI (GenAI) applications, the advanced manufacturing sector is experiencing a profound transformation. The emergence of these technologies is paving the way for a manufacturing renaissance, enabling new capabilities and enhancing traditional uses of AI. Approximately 49% of advanced manufacturing and mobility firms have integrated AI into their...
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Why private equity is driving A&D deal activity in 2024
Advanced Manufacturing and Mobility Business Minute
In this episode of the Advanced Manufacturing and Mobility Business Minute podcast, speakers Raman Ram, Mike Cadenazzi and Mike Iacono examine the turbulence shaping the aerospace and defense sector. While airlines are placing more orders, supply chain issues and safety concerns are impeding production rates. Pilot shortages have become an issue, particularly for regional carriers. In terms of deal activity, private equity has championed creative financing solutions and has emerged as a net buyer despite complex market fundamentals. Regulatory scrutiny remains a significant concern,...
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Why consumer confidence is critical to a country’s EV transition
Advanced Manufacturing and Mobility Business Minute
In this episode of the Advanced Manufacturing and Mobility Business Minute podcast, EY analysts Anuj Chandna and Angsuman Sharma share insights from the latest EY Electric Vehicle Country Readiness Index. The EY Electric Vehicle Country Readiness Index (EVCRI) examines global auto markets and their preparedness for an electric vehicle (EV) future. The most recent index evaluated 20 crucial EV markets, representing over 93% of worldwide EV volumes, to gauge their maturity. The index evaluates three fundamental areas — supply, demand and regulatory — to determine what works in driving the...
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Why supply chain disruption is still a concern for A&D companies
Advanced Manufacturing and Mobility Business Minute
In this episode of the Advanced Manufacturing and Mobility Business Minute podcast, Raman Ram and Mike Cadenazzi discuss what lies ahead for the aerospace and defense (A&D) sector. While the war in Ukraine continues to drive innovation in the defense industry, defense spending in the US and across Europe has been restrained as countries prioritize reducing deficits accrued during the COVID-19 pandemic. On the commercial aerospace side, airlines and major network carriers are seeking to clear debt from their balance sheets in anticipation of expected increases in air travel demand. ...
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How understanding consumer mindsets can drive EV enthusiasm
Advanced Manufacturing and Mobility Business Minute
In this episode, EY Global Advanced Manufacturing and Mobility analysts Gaurav Batra and Menaka Samant share insights from the 2023 EY Mobility Consumer Index. The Mobility Consumer Index (MCI) is an annual study conducted by EY Global Advanced Manufacturing and Mobility. The study reviews and assesses the latest trends and patterns in the mobility sector. The latest edition of MCI surveyed over 15,000 consumers in 20 countries. In this episode of the Advanced Manufacturing and Mobility Business Minute podcast, Gaurav Batra, EY Global Advanced Manufacturing & Mobility Analyst Leader,...
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Why there is much more to sustainability than building EVs
Advanced Manufacturing and Mobility Business Minute
In this episode of the Advanced Manufacturing and Mobility Business Minute podcast, Andrea Weinberger explains why automotive companies need a broader ESG agenda to achieve a more sustainable future. Although the adoption of electric vehicles (EVs) is gaining popularity and considered as one of the crucial steps toward decarbonization, professionals believe that for transforming to a more sustainable future, automotive companies need to address wider topics. These include minimizing resource extraction and depletion, reducing waste and water usage, and promoting circular business models. To...
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Why the future of A&D looks bright, even with some turbulence ahead
Advanced Manufacturing and Mobility Business Minute
In this episode of the Advanced Manufacturing and Mobility Business Minute, EY leaders Raman Ram and Mike Cadenazzi discuss the impact of changes in the Aerospace & Defense (A&D) sector. The commercial aerospace sector continues to demonstrate resiliency as both global and domestic air traffic volume draws closer to 2019 levels. On the defense industry side, global spending is increasing, and a consistent set of growth drivers is emerging in the US. A&D is recovering from steep declines in airplane production and aftermarket service across the sector. That’s the good news....
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Why EV’s future is bright despite economic and geopolitical headwinds
Advanced Manufacturing and Mobility Business Minute
In this episode, EY Global Advanced Manufacturing and Mobility analysts Anil Valsan and Anuj Chandna discuss the EY Mobility Lens Forecaster Suite and the future of EVs. The electric vehicle (EV) sector is witnessing consistent growth despite the numerous challenges in the mobility market, brought on by frequent supply chain disruptions, consumer hesitancy and inflationary pressures, among others. But what is the future for EVs and EV adoption? The EY Advanced Manufacturing and Mobility team has developed a dynamic forecasting model that will support the mobility industry in decision-making...
info_outlineIn this episode, EY Global Advanced Manufacturing and Mobility analysts Gaurav Batra and Menaka Samant share insights from the 2023 EY Mobility Consumer Index.
The Mobility Consumer Index (MCI) is an annual study conducted by EY Global Advanced Manufacturing and Mobility. The study reviews and assesses the latest trends and patterns in the mobility sector. The latest edition of MCI surveyed over 15,000 consumers in 20 countries.
In this episode of the Advanced Manufacturing and Mobility Business Minute podcast, Gaurav Batra, EY Global Advanced Manufacturing & Mobility Analyst Leader, and Menaka Samant, EY Global Advanced Manufacturing & Mobility Analyst, explore the shifts in the mobility landscape, with a focus on EV adoption and acceptance. They discuss the broad themes that emerged from the latest edition of MCI research, identify five EV customer personas and share three no regret moves that will help move consumers toward EV adoption.
Key takeaways:
- More than half (55%) of the survey respondents are planning to purchase a fully electric, hybrid or plug-in hybrid vehicle over the next two years.
- SUVs have emerged as the most preferred body type for potential EV buyers across geographies.
- While range continues to be a major factor driving the hesitancy in buying an EV, lack of charging infrastructure, upfront purchase costs and inadequate charging stations also play a crucial role.
- To alleviate consumer uncertainty regarding the EV ownership experience, continued education should be provided.