MENU
SEARCH2025 expectations gauged in annual survey surprising given slower demand, new U.S. policy.
Survey participants see hybrid vehicle production increasing this year for both hybrid and plug-in hybrid power trains.
Pexels/Pixabay
It sounds counterintuitive, but a global survey of auto manufacturing executives and suppliers to the industry say they think electric-vehicle production will grow this year, despite predicted demand flattening.
The third annual ABB Robotics outlook survey found 75% foreseeing EV production growth, nearly a third saying they believe EV production will increase by more than 10% this year. That’s despite Trump administration moves that could dampen adoption stateside.
The optimistic survey findings were released, though, before a trade war broke out in North America this week when Canada retaliated against U.S. trade tariffs, which could upend automotive production in general.
A majority of respondents are skeptical that earlier targets of 100% EV production by 2030 to 2040 will be achieved due to slower-than-expected consumer demand driven in large part by spotty charging infrastructure. Nearly a third see the targets as outright impossible to meet.
“There’s strong evidence that EV manufacturing capabilities are now considerably improved, and significant change has taken place in terms of introducing new production technology as well as upskilling workforces,” said Joerg Reger, managing director of ABB’s automotive business line, in a press release on the survey results.
Survey participants see hybrid vehicle production increasing this year for both hybrid and plug-in hybrid power trains.
Originally posted on F&I and Showroom
Dealers should aim to build a positive work environment, helping employees execute an efficient experience, from their online research to the final delivery of the vehicle.
Read More →
A cloudy April forecast was expected due to last April’s sales surge in anticipation of U.S. trade tariff-inflated prices. Meanwhile, automakers pumped up incentives to address today’s consumer wallet woes.
Read More →
A recent price spike due to several larger market forces, though it hasn’t dulled demand, is pushing more consumers to efficient models to squeeze in buys.
Read More →
A group out West picked up the major D.C.-area collection, putting it in the upper tiers of private automotive groups in the U.S.
Read More →
Lenders loosened access for subprime borrowers, and consumers with negative equity reached a record high, Cox Automotive reported.
Read More →
U.S. consumer interest in electric vehicles lags behind other countries despite the rising gas prices caused by the ongoing war in the Middle East.
Read More →
Research reveals the brands and models most likely to have higher recall rates over their lifetimes. While some brands rank high, addressing safety issues can be a selling point.
Read More →
Cox Automotive data shows Americans doubled down on big-is-better despite price increases. Slightly higher incentives helped fuel the demand.
Read More →
Cox Automotive research shows both the opportunities and the challenges in turning consumers’ growing affordability needs into increased fixed-operations revenue.
Read More →
The partner you choose for growth and expansion is key, because better is the ultimate goal instead of growth for growth’s sake.
Read More →