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New Report Explores Global Readiness for EV Transition

New study explores opinions from automotive execs and consumers regarding the switch from ICE to electric vehicles.

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Castrol and bp pulse’s new study: Switching ON the rEVolution: The road to EV readiness for markets, carmakers and consumers explores opinions from automotive executives and consumers regarding the switch from internal combustion engine (ICE) vehicles to electric vehicles (EV).

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The research, which surveyed 100 automotive executives and 10,000 consumers globally, shares key findings from automotive executives:

  • 97% of the executives surveyed are confident that their organization will hit targeted dates for phasing out ICE vehicles.
  • Almost two-thirds (66%) of global automotive executives stated that the transition is the number one strategic priority for their organization.
  • Among global consumers in the report who have already made the switch to EVs, 99% would consider an EV for their next vehicle purchase.

* Automotive executives working for EV-only carmakers are excluded from these figures.

Nicola Buck, SVP Marketing bp and CMO Castrol, said, “It’s an exciting time for the automotive industry and we are committed to working with our industry partners to help bring forward the next generation of technologies and help accelerate the transition to EVs. The world of transport is going electric and products such as Castrol ON EV Fluids and bp pulse charging solutions will have an important role to play.”

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For more information and to read the full study, visit: castrol.com/EVreport.

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