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24 Jun 2021  |  North America  |  Market Outlook

Global Powertrain Outlook 2021

Powertrain Electrification Offers Future Growth Potential through mHEVs, PHEVs, and BEVs, While Diesel Powertrains are Fast Fading From Organizations’ Technology Strategy

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The global powertrain industry continues to be dominated by internal combustion engines (ICE), specifically, gasoline engines, while diesel engine’s share has been falling since the dieselgate scandal. While the share of IC engines operating on alternate fuels has remained constant, vehicle electrification is on the rise. Irrespective of the t...

The electric vehicle (EV) market is growing rapidly and impacting the energy market and associated services. As OEMs integrate more software-defined solutions into EVs, a potential market for digital products and services (P&S) exists. EV-dedicated digital P&S allows key participants to continuously monetize these solutions through new revenue mode...

By 2025, over 2 million electric vehicles (EVs) are expected to be sold only in the US. Consumers now prefer EVs over ICEs owing to fast developing charging network across the US. There is an opportunity for both AC and DC charging network expansion and traditional business models are not sufficient anymore. Unlike fuel stations, with respect to EV...