European emissions regulations have pushed the industry toward mass electrification, with a milestone CO2 target in 2020-21 of 95 grams per kilometer. That figure will fall by an additional 37.5 percent by 2030, a time when most experts expect that at least 25 percent of all vehicles will be fully electric.
But wider adoption of electric vehicles faces a number of hurdles including range anxiety, a lack of charging stations, cost for consumers and potentially lower margins for automakers.
At the same time, the transition from internal combustion engines threatens thousands of jobs across Europe at automakers’ own drivetrain factories and those of suppliers from Tier 1 down to smaller companies that make specialized components.
How the auto industry will overcome tough emissions targets and remain profitable
23nd Automotive News Europe Congress
What: Congress Conversations, Part 3
When: July 23
Where: Virtual
Cost: Free, but registration required
Information: ane-congress.com
The coronavirus crisis is now bringing the threat of recession to the industry, just as automakers are rolling out a range of expensive but necessary hybrid and electric vehicles.
Three top-level executives will take part in a panel discussion titled, Challenges in Electrification with Automotive News Europe on Thursday, July 23. They are Michael Hajesch, CEO of EV charging infrastructure provider Ionity, Jean-Paul Drai, Renault Group's product development director for electric vehicles, and Seth Metzger, senior vice president of electrification at U.S. supplier Dana.
Register here to watch a webcast these panelists discuss how the automotive industry can overcome these challenges to meet emissions targets and remain sustainably profitable.
