It's well known that the auto industry is shifting to electric propulsion. But even keen-eyed electric-vehicle (EV) watchers might be a bit surprised to learn just how rapidly EV adoption is about to take off, according to mobility-tech supplier Aptiv. The company is betting big on this rapid growth and dramatic changes that could provide it with a winning hand.
Bill Presley, president of Signal & Power Solutions (S&PS) at Aptiv, said during a recent media briefing that Aptiv is planning for an EV segment that will grow faster than recent analyst predictions suggest. He pointed to IHS Markit's predictions for 2025 that have been revised upwards of ten times over the past six years. He also said EV sales estimates for 2030 have tripled in the last three years. The continuing decline in the cost of batteries, ever-stricter emissions regulations and rapid growth in charging infrastructure all are playing into the revisions. IHS is among many forecasting organizations that have had to adjust their figures.
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Aptiv: More EVs mean more profit with SVA
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Aptiv: More EVs mean more profit with SVA
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