Driving is changing before our eyes

24 October 2018

The way we drive is changing forever, due to major technological advances and a push towards greener forms of transport (particularly considering the latest dire warnings on climate change).

Despite some short-term weakness in the autos sector (cooling demand in China, combined with speculation we are nearing the end of the economic cycle), the next wave – mass electrification and autonomous driving – means future mobility is one of the most exciting long-term structural growth themes for investors.

The future is electric

It is very possible many of us will have already bought our last petrol car.

We are close to the tipping point between fossil fuels and alternative power sources.

Volvo, for example, has already committed to stopping production of diesel engines, aiming for 50% of its global sales to be electric vehicles (EV) by 2025.

At the tipping point: electric and hybrids are replacing combustion
Car change chart

Source: Statista, PwC, September 2017. Proportion of vehicle sales in China, US and EU.

The way we drive is changing forever, due to major technological advances and a push towards greener forms of transport (particularly considering the latest dire warnings on climate change).

Despite some short-term weakness in the autos sector (cooling demand in China, combined with speculation we are nearing the end of the economic cycle), the next wave – mass electrification and autonomous driving – means future mobility is one of the most exciting long-term structural growth themes for investors.

The future is electric

It is very possible many of us will have already bought our last petrol car.

We are close to the tipping point between fossil fuels and alternative power sources.

Volvo, for example, has already committed to stopping production of diesel engines, aiming for 50% of its global sales to be electric vehicles (EV) by 2025.

At the tipping point: electric and hybrids are replacing combustion
Car change chart

Source: Statista, PwC, September 2017. Proportion of vehicle sales in China, US and EU.


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