Three Key Implications of the Grab and GoTo Merger
10 Feb 25In February 2025, Grab and GoTo, the two leading ride hailing firms in Southeast Asia, were reportedly in merger discussions. Share price declines for both (versus the price of their IPOs), challenges in growing market share individually, and headwinds on the path to profitability are the key drivers for the potential merger.
David Zhang
Trump’s Protectionism Prompts Strategic Pivot of Chinese Automotive Manufacturers
23 Jan 25The re-election of Donald Trump poses fresh challenges for Chinese automotive manufacturers, as proposed steep tariffs on Chinese electric vehicles (EVs) and parts – in addition to the 100% tariff on EVs and 25% tariff on lithium-ion EV batteries put in place by the Biden administration in 2024 – are set to further disrupt EV supply chains. This necessitates strategic pivots by Chinese automakers that will reshape the industry.
David Zhang
The Rise of Autonomous Vehicles
20 Jan 25Advancements in artificial intelligence, data integration, and connectivity are driving innovation, creating new revenue streams, and reshaping business models. Cutting-edge trends like driverless technology and the shift towards on-demand mobility services, are not only enhancing vehicle capabilities but also transforming industries like logistics, insurance, and urban mobility.
Euromonitor International
Top Three Automotive and Mobility Trends in 2025
2 Jan 252025 will be a crucial year for the automotive and mobility industry, with sustainability, digital transformation and shared mobility services shaping business strategies. The year is predicted to be defined by three major trends: the continued softening in demand for EVs in favour of hybrids, the growing shift to more sophisticated autonomous car technologies, and the robustness of the used car market as new vehicle registrations slump.
Euromonitor International
Chart of the Month: Uncovering New Dynamics in Global Commuting Habits
30 Oct 24As more employees are returning to the office in a post-Covid work environment, commuting preferences and challenges have again come into the spotlight. Although cars and motorcycles continue to be the most popular modes of commute, many consumers across geographies are looking for alternatives to vehicle ownership, driven by a desire for affordability and improved quality of life.
Paula Ferolla
London EV Show 2024
ExCeL London, Royal Victoria Dock, 1 Western Gateway, London E16 1XL 27 Nov 24 | GMT: 10:45 AMThe London EV Show gathers the world's leading companies and startups to showcase a broad range of products, services, and ideas, from electric cars and light vehicles to electric trucks and vans, as well as electric charging infrastructure and battery systems.
Euromonitor International
Car Rental: Three Trends Driving Future Business Competitiveness
13 Sep 24Car rental brands need to prioritise three commercial areas to improve future competitiveness: advance new models of flexible ownership, implement more convenient online rentals and progressively adopt AI and big data applications in various business processes. The three trends will play an important role in articulating new sources of income, while also helping to reduce overhead costs in the long run.
Euromonitor International
BYD's EURO 2024 Sponsorship Reflects Global EV Ambitions
20 Jun 24Earlier in 2024, the electric vehicle (EV) giant, BYD (Build Your Dream), became the first official Chinese carmaker to sponsor and partner with the European football championship, UEFA EURO 2024. The partnership underscores the ambitions of BYD, a lesser-known EV firm outside China, which is keen on expanding brand awareness in Europe and across the world.
Euromonitor International
Is Tesla Abandoning Its Electric Vehicle Charging Business?
28 May 24Tesla’s endeavours in electric vehicle (EV) charging took a hit in May 2024 when it announced that it would be dismissing a sizeable chunk of its supercharger team. While its decision to slow down supercharger expansion may offer opportunities for other charge point operators (CPOs) to catch up, Tesla is unlikely to relinquish its supercharger business, long-term, having already built partnerships for charge port compatibility with major automotive OEMs.
Euromonitor International
Emerging Finance Trends Shaping Four-Wheeled EV Adoption
3 May 24Despite slowing growth, EVs are still expected to become more widespread as governments promote sustainable mobility, but this requires financial development throughout the customer journey.
David Zhang
Digital Payments in the Mobility Industry – Where and How to Play Next?
11 Jan 24Consumer preference for seamless payments in most daily activities has also increased the adoption of digital payment solutions for mobility. As consumers expect an integrated, convenient, and secure payment solution, this has opened up the mobility sector as an avenue of payment innovation and partnership among payment specialists and mobility service providers across public and private sectors.
Rabia Yasmeen
Top Three Electric Vehicle Industry Predictions for 2024
4 Dec 232024 is expected to be an exciting year for the electric vehicle (EV) industry as it continues to transform consumer and commercial mobility. According to Euromonitor’s Mobility forecasts, 25% of all new passenger car registrations are forecast to be electric in 2024, exceeding 17 million units in sales globally. Here are the top three predictions for the EV market in 2024.
Euromonitor International
EV Penetration On Course to Achieve Record Levels
13 Oct 23In 2023, new electric vehicle registrations – battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) – are poised to achieve a record 20% worldwide, up from 16% a year earlier. Western Europe and China will collectively account for 83% of all new EV registrations in 2023 and are expected to continue driving the global EV transition in the short to medium term.
Euromonitor International
Three Challenges Facing the Electric Vehicle Industry
18 Jul 23In 2023, new electric vehicles (EV) as a share of total registrations are projected to reach a record 20% (only including battery electric and plug-in hybrid electric vehicles) worldwide, up from 16% a year earlier. Yet, as EV take-up grows, the industry is anticipated to face several growing pains: the lack of affordable EVs, lagging EV charging infrastructure, and insufficient grid capacity. Amid stricter laws and carbon emission standards set by governments, overcoming these key challenges will be vital to continue decarbonising the transport sector.
Euromonitor International
Autonomy Mobility World Expo
Paris, Parc des Expositions, Pavillon 6 23 Mar 23 | CET: 10:30 AMAutonomy Mobility World Expo (AMWE) is the world’s largest annual gathering of international policymakers, institutions, NGOs, corporations, companies, and start-ups focused on sustainable urban mobility solutions.
Euromonitor International
Top Three Automotive and Mobility Trends in 2023
24 Jan 23In 2023, new light vehicle sales are forecast to fall by 7.0% as the global economic slowdown curbs consumer spending on big items such as new cars. Yet the year will continue to be an inflection point for the automotive and mobility industries, shaped by rising sustainability pressures, technological progress and changing consumer preferences.
Euromonitor International
Has the Energy Crisis Derailed Interest in Electric Vehicles?
12 Oct 22Skyrocketing electricity prices, especially in Europe due to the war in Ukraine, are likely to test the EV industry’s resilience, which has already been challenged by semiconductor shortages and rising production costs.
Euromonitor International
EV Readiness Index 2022: Incentives are Paramount to Boosting EV Adoption
13 Jul 22In July 2022, Euromonitor International launched the 2022 EV Readiness Index. The index evaluates electric vehicle preparedness in 37 countries across 20 data points within four pillars: market maturity, income and spending factors, infrastructure factors and incentive factors.
Euromonitor International