Diesel to become a thing of the past?
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UK car industry executives are expecting a shift during the next decade that will see diesel technology become obsolete, according to the 2017 KPMG Global Automotive Executive Survey.
The KPMG Global Automotive Executive Survey is an annual assessment of the current state and future prospects of the worldwide automotive industry. The most notable findings from this year’s survey was that 93 per cent of UK automotive executives are planning to invest in battery technology for electric vehicles over the next five years.
This is the first time that electric vehicle battery technology has overtaken connectivity and digitalisation as a key trend. Because of the likely investment, 90 per cent of executives expect EVs to dominate the marketplace by 2025 and 62 per cent feel that diesel is losing its importance.
"Improvements in the cost and range of battery technology, coupled with growing concern over the emission from diesel engines, means that almost the whole automotive industry believes that the mass adoption of electric cars will happen during the next decade," commented John Leech, of KPMG.
Interest in low-emission motoring has increased over the years thanks to both technology advancements and a drop in the price of batteries. Further investment into battery technology could see prices drop further and the battery life EVs increase further.
It was recently found that there are close to half-a-million electric vehicles on the roads in Europe as the uptake of EVs continues to grow.
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