Skyrocketing electricity prices, especially in Europe due to the war in Ukraine, are likely to test the EV industry’s resilience, which has already been challenged by semiconductor shortages and rising production costs.
In July 2022, Euromonitor International launched the 2022 EV Readiness Index. The index evaluates electric vehicle preparedness in 37 countries across 20 data points within four pillars: market maturity, income and spending factors, infrastructure factors and incentive factors.
Mobility patterns are changing as sustainability pressures, technological innovation, remote work arrangements and improving mobility infrastructure are altering consumer attitudes to travel. We identify three key trends that consumers are focusing on in the fast-growing mobility industry which can support strategies for mobility companies in 2022 and beyond.
The hospitality sector is being transformed as a result of the global pandemic, with consumers expecting heightened cleanliness and safety measures, purpose-driven services and products, bespoke experiences and more responsible business operations supportive of social and environmental causes.
The transition to electric vehicles (EVs) is in full flow with sales improving year on year. Some countries are performing better than others, with Northern and Western European countries seeing the largest share of fully electric passenger car registrations, thanks to a plethora of demand size incentives, whereas take-up has been slower in key markets such as the US and Japan. China is the largest market for EVs, and is accelerating its transition by growing the supply of affordable models.
Sustainable mobility is a rising agenda for governments and urban planners as the world faces climate change. Municipal governments are taking a stricter stance on internal combustion engine vehicles, and promoting alternative mobility solutions such as cycling, walking and shared mobility.
COVID-19 has ushered in a change in consumer transport patterns. More people have turned away from public transport due to lockdowns and strict social distancing rules in favour of cycling and private car travel, while others have reduced demand for transport due to remote work arrangements...
By 2040, 80% of all new vehicle registrations in Poland will be electric. Consumer appetite for electric vehicles is being pushed by favourable government policies, growing supply of affordable electric vehicles, and an improving charging infrastructure, among other factors. However, with 1.5% of all new vehicle registrations being electric in 2020, Poland is still far behind major European economies such as Sweden, Norway and Demark in electrifying its vehicle fleet.