Information contained on this page is provided by an independent third-party content provider. Frankly and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact firstname.lastname@example.org
SOURCE Frost & Sullivan
Dedicated platform development emerging as key electric vehicle strategy of global passenger vehicle OEMs
SANTA CLARA, Calif., Feb. 14, 2018 /PRNewswire/ -- Frost & Sullivan's research, Electric Vehicle Platform Strategy of Global Passenger Vehicle OEMs, Forecast to 2025, explores the vital platform strategies that key global original equipment manufacturers (OEMs) are expected to adopt, as well as their approach towards electric vehicle (EV) infrastructure. It also presents the comparative analysis of OEMs' future EV platform strategies and popular trends that arise as a result of the introduction of dedicated EV platforms.
Long-range electric vehicles are experiencing increasing demand due to strict emissions guidelines. One way to improve range is to underpin future Battery Electric Vehicles (BEVs) on dedicated electric vehicle platforms. Frost & Sullivan's analysis finds that these dedicated platforms are expected to significantly reduce range anxiety among customers as they will allow OEMs to offer long-range EVs. Further, OEMs will be able to achieve greater sales that will enable them to meet future emission regulations.
For further information on this analysis, please visit: http://frost.ly/27v
"Over and above the investment on dedicated platform development, OEMs still need to invest in battery technology and charging infrastructure to push EVs to customers. We are already seeing the urgency for OEMs to embark on backward vertical integration in order to build in-house capabilities to manufacture electric vehicles," said Vishwas Shankar, Mobility Research Manager at Frost & Sullivan.
Some of the industry challenges center on the high cost involved in developing electric vehicle platforms, as well as how to balance vehicle portfolios between vehicles on ICE platforms and vehicles on dedicated EV platforms. Significant investment has gone into developing internal combustion engines (ICEs) and dedicated platforms; therefore, OEMs need to find the optimal product mix to increase ROI from all platforms while also meeting emission regulations.
There are indications that China will become the largest EV market by 2025, followed by Europe and North America. Therefore, opportunities exist for key global OEMs to increase market share by partnering with Chinese OEMs to develop China-specific models on dedicated platforms.
"By 2025, the average unit of electric vehicle production per platform is expected to increase roughly 10 times compared to today's production. Volkswagen, Renault-Nissan-Mitsubishi, and Daimler are expected to be the leaders in electric vehicle production," added Shankar.
Electric Vehicle Platform Strategy of Global Passenger Vehicle OEMs, Forecast to 2025 is part of Frost & Sullivan's global Mobility Growth Partnership Services program.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Contact us: Start the discussion
Electric Vehicle Platform Strategy of Global Passenger Vehicle OEMs, Forecast to 2025
Corporate Communications – Americas
P: +54 11 4777 5300
F: +54 11 4777 0071
©2017 PR Newswire. All Rights Reserved.