Electric cars will fail, but we’ll build them anyway, say global auto execs: KPMG

  1. Juxtaposed against a growing electric-vehicle market in China and increasingly stringent global carbon-emission limits, a survey by KPMG has revealed a majority of global auto executives believe electric vehicles are a fool’s errand.
  2. As well as the prevailing negative view on EVs, 50 percent of executives believe nonetheless that battery-electric vehicles will be the key automotive trend as we drive forth into 2025—but mostly because a regulatory environment will dictate it.
  3. On the part of companies that make cars, however, “Over the next 5 years, 53 percent of executives are planning to highly invest in plug-in hybrids and 52 percent in ICEs and full hybrids,” the report says.

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