The automotive industry in Mexico continues to grow, only in June year-on-year production rose 4.9%, while exports climbed 12% according to figures from the Mexican Association of the Automotive Industry (AMIA); despite the uncertainty generated at the beginning of 2017 by the renegotiation plans in the NAFTA of the president of the United States. What will be the outlook for the automotive technology market?
About technological progress
The leading manufacturers in the automotive industry are already getting more and more on the development of electric vehicles.
About technological progress, the leading manufacturers in the automotive industry are already getting more and more on the development of electric vehicles.
A report by the Bloomberg New Energy Finance research group suggests that by 2025 and 2030 the cost of electric cars will become more competitive compared to vehicles with internal combustion propulsion, once this happens, the adoption by the masses will be immediate
If this prediction is correct, the consequences will be not only for the automotive industry but for the oil markets and energy policies to stop global warming.
Leading companies are already joining the change in automotive technology such as Tesla, Volkswagen and recently Volvo by announcing that all their cars launched from 2019 will have an electric drive either as hybrids, with plug-in technology or pure electric, in response to current and future needs.
In the study, the projection is that thanks to batteries, hybrid and electric cars will make up 54% of worldwide sales by 2040, which will exceed the sales of models with combustion engines.
Given the increase in the use of electric vehicles, world consumption would be reduced by almost 8 million barrels of transport fuel per day, compared to 98 million that are currently consumed per day.
For its part, the International Energy Agency estimates that electric vehicles should represent 40% of sales in 2040 so that the world can meet the objectives set in the Paris Agreement to reduce greenhouse gas emissions.