Theme I: Transformational Shifts Leading to Increase in Penetration of Electric Vehicles—Voice of Industry Thought Leaders

Frost & Sullivan organized the 13th edition of its flagship Intelligent Mobility Summit 2021 on July 14 and 15, 2021. The focus of the two-day virtual summit was “Intelligent Mobility: Innovating to Zero” with the spotlight on the Asia-Pacific region. This year, the Summit brought together a stellar group of industry thought leaders, policymakers, investors, and innovators. Over 25 panelists, each an expert in their domain, led insightful discussions on the dynamics underpinning the vision of “Innovating to Zero,” while over 2000 delegates, including automotive manufacturers and suppliers, fleet operators, logistics companies, mass transport authorities, research institutes, and mobility integrators actively participated in a curated lineup of webinars, panel discussions, and other online events. The online summit covered seven industry-defining themes. Theme I: Transformational Shifts Leading to Increase in Penetration of Electric Vehicles COVID-19’s impact on the electric vehicles (EVs) market has been limited since EV development has been incorporated into every leading OEM’s long-term growth strategy. The main challenges to mass EV adoption relate to battery costs, battery chemistries, charging times, and charging infrastructure. These are being addressed by stakeholders across the value chain. EVs are creating the opportunity for both established OEMs and start-ups to think differently; new business models now include battery recycling for second-life applications, new platform approaches centered on dedicated EV platform architectures and R&D into novel battery chemistries like solid-state batteries. Meanwhile, government regulations and advanced, standardized charging technology are poised to boost EV penetration. This session discussed critical trends that will shape EV penetration, opportunities, and impacts arising from C.A.S.E. convergence, EV platform development strategies, and breakthroughs in battery charging infrastructure, battery recycling, and battery chemistries.