Over the past year and a half, the mobility industry has significantly outperformed top-performing industries, such as semiconductors and big tech with increasing support in capital markets.
New Chinese automakers have tapped into advanced technologies to deliver a customer journey that is friendly and convenient. Your experience inside the car is in many ways just an extension of your experience outside the car – from advanced facial recognitions systems to charging and valet services.
Automakers and consumers will need to accelerate their adoption of electric vehicles if we hope to meaningfully limit climate change. The decade between 2025 and 2035 will determine whether the industry can keep cumulative CO2 emissions for passenger cars (through 2050) to under 45 gigatons, a “carbon budget” that would help hold global temperature increases to under 1.5°C
Read the article at McKinsey & Company.