2023 Competitive Analysis of Original Equipment Manufacturer (OEM) Investments in Vehicle Electrification: Investments Announced, Adoption Roadmap, & Historical Numbers and Future Goals

News provided by

Dec 05, 2023, 14:00 ET

DUBLIN, Dec. 5, 2023 /PRNewswire/ -- The "Competitive Analysis of Original Equipment Manufacturer (OEM) Investments in Vehicle Electrification" report has been added to ResearchAndMarkets.com's offering.

This report discusses EV investments by OEMs and their sales in global markets. With 2022 as the base year, the study period is 2022-2030 and the forecast period is 2023-2030. The geographic scope is North America, China, and Europe. OEMs profiled are BMW, Ford, General Motors, Honda, Hyundai-Kia, Mercedes-Benz, Nissan, Stellantis, Tesla, Toyota, and Volkswagen.

The report projection indicates that the global EV market will record over 44% year-on-year unit sales growth in 2023. China, Europe, and North America will be important contributors to this surge. Increased focus on reducing carbon emissions will drive EV demand in coming years. OEMs have been rushing to gain a share of the competitive EV market through fresh launches and extensive investments for future growth.

Top EV OEMs BYD, Tesla, and Volkswagen will sell 5.7 million EVs in 2023, up from 4 million in 2022. Rising demand - expected to multiply several times by the decade's end - proves to OEMs that EVs are the way to go. As such, OEMs are announcing enormous investments in EV development to secure the top spot in EV sales.

Most investments are toward securing the future supply chain of critical materials/products necessary for EV production and co-development of technological innovations. In addition, OEMs understand the importance of making EVs per customer requirements. This has prompted them to adopt localized development and manufacturing strategies to capture competitive markets like China. A few OEMs are also working to improve their charging infrastructure network to ease EV charging. However, charging infrastructure deployments still need to catch up to the required numbers.

Region-wise, many OEMs have announced investments in North America due to favorable government policies and a surge in EV demand. The region will likely attract considerable investments in the coming years. The publisher expects two other key markets, China and Europe, to register moderate to high investments.

The research includes information about OEMs' electrification investments, future sales targets, and roadmaps to achieve the individual targets to provide stakeholders insights into this dynamic space.

Key Topics Covered:

1. Strategic Imperatives

Why is it Increasingly Difficult to Grow?
The Strategic Imperative
The Impact of the Top 3 Strategic Imperatives on the EV Industry
Growth Opportunities Fuel the Growth Pipeline Engine

2. Growth Opportunity Analysis - Overall EV Market and Leading OEMs

Scope of Analysis
Global EV Market, 2022 and 2023e (Top 5 EV markets)
EV Growth and Penetration - Key OEMs
Top EV Players and Market Share
Investment Summary of Key OEMs
EV Highlights - Current and Future Investments
Growth Drivers
Growth Restraints

3. Profiles of Leading OEMs - BMW

Electrification Investments Announced
Adoption Roadmap
Historical Numbers and Future Goals

4. Profiles of Leading OEMs - Ford Motor Company

Electrification Investments Announced
Adoption Roadmap
Historical Numbers and Future Goals

5. Profiles of Leading OEMs - General Motors

Electrification Investments Announced
Adoption Roadmap
Historical Numbers and Future Goals

6. Profiles of Leading OEMs - Honda Motor Company

Electrification Investments Announced
Adoption Roadmap
Historical Numbers and Future Goals

7. Profiles of Leading OEMs - Hyundai-Kia

Electrification Investments Announced
Adoption Roadmap
Historical Numbers and Future Goals

8. Profiles of Leading OEMs - Mercedes-Benz

Electrification Investments Announced
Adoption Roadmap
Historical Market Share and Future Goals

9. Profiles of Leading OEMs - Nissan

Electrification Investments Announced
Adoption Roadmap
Historical Numbers and Future Goals

10. Profiles of Leading OEMs - Stellantis

Electrification Investments Announced
Adoption Roadmap
Historical Numbers and Future Goals

11. Profiles of Leading OEMs - Tesla

Electrification Investments Announced
Adoption Roadmap
Historical Numbers and Future Goals

12. Profiles of Leading OEMs - Toyota

Electrification Investments Announced
Adoption Roadmap
Historical Numbers and Future Goals

13. Profiles of Leading OEMs - Volkswagen

Electrification Investments Announced
Adoption Roadmap
Historical Numbers and Future Goals

For more information about this report visit https://www.researchandmarkets.com/r/js0nb3

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets