Skip to main content

Fasten your seatbelt - Future is Electric!

 

Fasten your seatbelt

•

It’s electric! Consumer interest in electric vehicles seems to be picking up. While still just a small share of the auto market, sales of plug-in vehicles more than doubled in the first half of 2021 versus 2020. But higher prices and a lack of charging stations continue to be challenges for the industry.

https://www.wsj.com/articles/electric-vehicle-sales-growth-outpaces-broader-auto-industry-11627032601?st=nslspiq6nd83eqz&reflink=article_email_share&cid=other-eml-onp-mip-mck&hlkid=59f6a7cb92b94e0babb2d10bad64cef4&hctky=9431270&hdpid=bc71d8a0-3944-4ae2-b217-5b63900f0698

•

Who’s in the driver’s seat? A shortage of computer chips and increased demand for both new and used cars has made it difficult for dealerships and individuals to get vehicles. Automakers are temporarily removing digital features or replacing them with analog ones to conserve chips, and car shoppers are buying whatever they can find—even if it doesn’t meet their specifications. 

https://www.nytimes.com/2021/07/15/business/car-sales-chip-shortage.html?searchResultPosition=1&cid=other-eml-onp-mip-mck&hlkid=8e0efa1d55924bf48ce40284eab2a0e2&hctky=9431270&hdpid=bc71d8a0-3944-4ae2-b217-5b63900f0698

•

Why it matters. The auto industry pumped the brakes hard in the early months of the COVID-19 pandemic, but car and truck production has come roaring back with rapid—and in some cases record—levels from the third quarter of 2020 through the first quarter of 2021. As with multiple industries across regions, the pandemic has greatly accelerated the trends affecting the mobility industry’s value chain that were building before it occurred.

•

Time to shift gears. Mobility will continue to become more digital, more connected, and especially more electric. Since changes in mobility require changes in capabilities, it’s clear that automakers will have to adjust their organizations significantly. Here are the trends that will continue to gather speed as the industry moves further from the COVID-19 crisis by Mckinsey :

https://www.mckinsey.com/industries/automotive-and-assembly/our-insights/the-irresistible-momentum-behind-clean-electric-connected-mobility-four-key-trends
x

 

 

 

Labels:

Comments

Post a Comment

Popular posts from this blog

Learning from #FriendsReunion - Plan Your Bottle Episode

Learning from #FriendsReunion - Plan Your Bottle Episode While watching Friends: The Reunion a while back ( Yes, i am super late, been a very busy week) something  struck with me which the show’s creators said about "budgeting" a term called Bottle Episode.    On Friends - Its one of the most successful television sitcoms of all time. From 1994 to 2004, the show never left the list of top 10 most-watched  television programs.  It was also one of the most expensive television series of all time. By the last two seasons, each of the six main actors earned more than $1 million per episode. From the resources perspective, the show has more than justified that expense since then. As per some estimate Friends earns around $1 billion a year from syndication, merchandising, streaming, and other deals. During the reunion show, creator Marta Kaufman talked about how they planned “bottle episodes” each season to manage the show’s budget....
6 comments
Read more

What if SP comes to power?

I was just wondering, if the Samajwadi Party (SP) supported government comes to power at the Centre this time around, many companies in India might have to write off another kind of loss from their books - loss on account of unused computers. After all, the party’s supremo Mr. Mulayam Singh Yadav believes that - "The use of computers in offices is creating unemployment problems. Our party feels that if work can be done by a person using hands there is no need to deploy machines." Incidentally, the party is also against stock markets, use of English language, agricultural machines, and high corporate salaries!
4 comments
Read more

Jet Airways will start a new no-frills carrier called Jet Airways Konnect

As per a leading business daily, Jet Airways will start a new no-frills carrier called Jet Airways Konnect. The fares for the service will be 10% to 15% lower than the normal Jet Airways economy fares. The company has not launched the new service under its JetLite brand due to pending litigation with the Sahara group. It may be noted that market share of the more expensive full service carriers has fallen due to the economic slowdown. There is a beleif that the airlines industry is value destructive. As Warren Buffett once said, "Should you find yourself in a chronically-leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks." If only, our air carriers paid heed.
Post a Comment
Read more