The rise of collaboration in the electric vehicle space


Electric vehicle (EV) collaborations between global automotive manufacturers have started to gather pace. In fact, the latest research from Cornwall Insight’s Charged Up: Future Fleet shows that these ventures have steadily grown since December 2018. With eight of the 13 major car manufacturers having either engaged or attempted to arrange a joint venture, making this a truly global trend.

Tom Lusher Analyst at Cornwall Insight, said:

“The scale of collaboration between major automakers is unprecedented, indicating that consumer demand and regulation are placing a considerable amount of pressure on firms to develop electric transport.

“These partnerships have ramped-up over the past few months due to the pressure automakers are under to reduce the emissions of their vehicles. To achieve their lower emission targets, EVs will need to be produced at scale. The alliances allow higher volumes of capital to be invested to help them obtain the necessary economies of scale to make the cost of EVs more attractive to customers.

“These projects’ investment and knowledge are predominately concentrated on research & development and the manufacturing of EVs. This is likely to see the supply of EVs to international markets begin to pick up in the early 2020s.

“Currently, fleets and domestic customers alike are struggling to purchase EVs and initiate a large-scale transition. These collaborations are likely to be a critical movement that works to remove this barrier in the years to come.”

The rise of collaboration in the electric vehicle space by Cornwall Insight

, , , , , , , , , , , , , , , ,
Previous Post
Network charging could dampen renewables optimism in Northern Scotland
Next Post
Price cap falling but set to rise in April 2020

Related Posts

Market share of small to medium energy companies growing

Market share of small to medium energy companies growing: The make-up of the retail energy market landscape has changed drastically with new entrants into the market, challenging the status quo of the Big Six. In fact, research from Cornwall Insight’s Domestic Market Share Survey shows the challenger brands now collectively hold 30% of the share…
Read More

Negative wholesale prices recorded for the first time

Cornwall Insight comments on negative wholesale prices recorded for the first time: On 9 December, the UK experienced a negative day-ahead trading price for the first time, with prices for 03:00 AM to 04:00 AM UTC delivery on the hourly day-ahead auction dropping to -£2.84/MWh. Exceptionally high wind generation in Great Britain (GB) throughout the…
Read More