Jul 27, 2012
Global automotive players uncertain of future, optimistic about electromobilityBack
Engineering|Africa|Components|Daimler|General Motors|Hyundai|Kia|KPMG Africa|KPMG International|Motors|Optimal Energy|Toyota|Africa|Asia|Europe|Brazil|China|India|Japan|Russia|South Africa|United States|Automotive|Electric Car|Electric Car Developer|Electric Passenger Car|Energy|Equipment|Motors|Payment Technologies|Services|Yearly Global New Car Registrations|Gavin Maile|Infrastructure|Mathieu Meyer|Motors|Power|Survey|Chevrolet Volt|Joule|Motors|Joule|Electromobility Technologies|Favoured Technologies|Fuel-cell Technology|Payment Technologies|Promising Fuel Technology
© Reuse this
“Compared with previous years, this year’s findings show that automotive experts do not have a clear idea of the direction in which the industry is heading,” says KPMG global automotive head Mathieu Meyer.
KPMG Africa automotive leader Gavin Maile, in March, said that uncertainties and challenges had also impacted on South Africa’s roll-out of electric car developer Optimal Energy’s electric car, the Joule.
Engineering News reported in June that Optimal Energy would close its doors that month, following its failure to secure the estimated R7-billion in funding required for the development and industrialisation of its Joule electric passenger car.
Further, the infrastructure require- ments and payment technologies relating to electric cars are substantial and impacts any possible roll-out of such cars in South Africa, Maile noted.
“Globally, hybrids are expected to lead the market and attract the most investment in the interim, while also being expected to outsell battery-powered cars several times over in 13 years’ time.
“Further, full hybrids and plug-in ver- sions are expected to be the favoured technologies, followed by fuel-cell vehicles,” says KPMG.
However, in China and Japan, 33% and 46% of respondents respectively said battery-electrified vehicles would be the most popular, followed by fuel-cell vehicles.
KPMG results estimate that, over time, fuel-cell vehicles will be seen as a more promising prospect than battery-electrified cars, especially in the emerging nations of Brazil, Russia, India and China (Bric).
“Fuel-cell technology has not yet realised its full potential, although car manufacturers Daimler, Hyundai, Kia, Toyota and General Motors are already very active in this area,” states KPMG.
Further, the report estimate that full and plug-in hybrids, as well as fuel-cell vehicles, are likely to be in greatest demand, while battery-powered cars with range extenders, like the Opel Ampera, Chevrolet Volt or the A1 E-Tron should edge ahead of pure electric cars.
Meanwhile, nearly two-thirds of respondents globally said that, over the next five years, optimisation of the internal combustion engine offered greater efficiency and the most potential for reducing carbon dioxide emissions than the current electromobility technologies.
Survey respondents from the Bric nations believe fuel-cell-powered vehicles will attract the most consumer demand, with the exception of China, where pure battery-powered vehicles are expected to come out on top.
The biggest challenge in terms of elec- tromobility among manufacturers and suppliers will be to identify the most promising fuel technology to power the electric car by 2025, says KPMG.
OEMs are predicted to play a leadership role in the development of these technologies and are expected to be the dominant force in electric and traditional propulsion technologies, says KPMG.
The industry will see competition and collaboration among OEMs and suppliers increase as companies fight to win in the marketplace.
The survey results show that Asia- and Europe-based OEMs are most likely to gain significant market share over the next five years, with seven out of the ten fastest- growing automotive manufacturers expected to be from Asia.
The majority of respondents believe that China will lead in the sales and exports of vehicles by 2017, followed by the US, with Brazil and India in a close tie for third place.
Edited by: Chanel de Bruyn© Reuse this Comment Guidelines (150 word limit)
Other Automotive News
Recent Research Reports
Projects in Progress 2015 - First Edition (PDF Report)
In fact, this edition of Creamer Media’s Projects in Progress 2015 supplement tracks developments taking place under the Renewable Energy Independent Power Producer Procurement Programme, which has had four bidding rounds. It appears to remain a shining light on the...
Electricity 2015: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2015 report provides an overview of State-owned power utility Eskom and independent power producers, as well as electricity planning, transmission, distribution and the theft thereof, besides other issues.
Construction 2015: A review of South Africa’s construction sector (PDF Report)
Creamer Media’s Construction 2015 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; the key participants in the sector; local construction demand; geographic diversification;...
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
This Week's Magazine
Projected capital expenditure (capex) in the South African automotive assembly industry should reach a record R7.48-billion this year, says the National Association of Automobile Manufacturers of South Africa (Naamsa) in its 2014 fourth quarter business review. Capex...
After several years of navigating project-threatening red tape and currency fluctuations, the 4.4 MW Bronkhorstspruit biogas power plant, which will supply clean energy to a leading automotive manufacturer in Gauteng, is expected to enter production before June....
South African paper and pulp producer Sappi reported earlier this month that it would build a pilot plant for the production of low-cost Cellulose NanoFibrils, or CNF (nanocellulose) at the Brightlands Chemelot Campus in Sittard-Geleen in the Netherlands.
The long-term outlook for Nigeria is a country that has the potential to be very strong. So affirmed International Monetary Fund (IMF) Nigeria Mission Chief and Senior Resident Representative Dr Gene Leon on recently. "But we are starting from a point of huge...
Poor infrastructure planning and inadequate maintenance are becoming increasingly problematic for new developments and the associated infrastructure required to support such developments. In many urban and rural municipalities, the state of infrastructure has been...
Article contains comments