New Report Explores Global Readiness for EV Transition

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.

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).

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.”

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

You May Also Like

Mullen Road Tests Solid-State Polymer Battery Pack

The results met or exceeded all requirements targeted for the first drive cycles for energy usage and driving range.

Mullen Automotive began Class 1 EV cargo van road testing with an integrated solid-state polymer battery pack. Vehicle road testing began on Feb. 26 at Mullen’s Commercial Tech Center in Troy, MI.

Mullen’s latest phase of solid-state polymer battery testing began in January with the installation of the battery pack into the Class 1 EV cargo van for testing system compatibility between the vehicle and pack. Recent performance testing has included on-road drive cycles as well as Dyno testing at an EPA-certified lab located in Northville, MI, Mullen said.

Piedmont Lithium Appoints New Board Director

Currently the chair and CEO of Cumberland Additive, Inc., Hickton was appointed to the Piedmont board effective March 14.

Volvo Receives Order for 100 Electric Trucks from DFDS

DFDS is well underway to reach its target of having at least 25% of the truck fleet electrified by 2030 per the company.

Volvo receives order for 100 electric trucks from DFDS
Mullen Automotive Expands Salesforce

The EV manufacturer has expanded its sales team in support of commercial vehicle sales initiatives.

EV Manufacturer Mullen Announces New Key Hires
TurnOnGreen, Endliss Power Team up to Expand EV Charging Infrastructure

TurnOnGreen said it will leverage EPI’s expertise in administering and executing power purchase agreements with commercial clients.

TurnOnGreen, Endliss Power Team up to Expand EV Charging Infrastructure

Other Posts

Polestar Performance SUVs on Display in New York

The Polestar 3 and Polestar 4 will be showcased at the NY International Auto Show for the first time.

Polestar Performance SUVs on Display in New York
How Much Do Gas Prices Affect the Automotive Aftermarket?

The fluctuations in gasoline prices serve as barometers for a variety of economic factors.

Gas Prices Automotive Aftermarket
TELO Announces Funding by Neo for Electric Truck Build

Closing the fundraising round further validated TELO’s prediction of where the EV industry is headed, said Jason Marks, co-founder and CEO.

TELO Announces $5.4M Strategic Fundraise Led by Neo to Continue Building the Most Efficient Electric Truck
Switch EV Trainer Provides Tailored EV Tech Training

The Switch EV Trainer includes all of the components of a modern EV drivetrain on a compact, insulated, mobile platform.

Switch EV Trainer Provides Tailored EV Tech Training