KPMG study surveys auto executives
TORONTO—Internal combustion engines are not going away anytime soon, especially as fuel efficiency and performance standards continue to improve, according to KPMG’s 13th annual Global Automotive Executive Survey. However, automakers are expected to pump investment into electric technology as part of their long-term strategy.
“The need for new electric propulsion technology is still top of mind for auto executives around the world given the demand that will be felt in the emerging markets,” said Peter Hatges, partner, KPMG and lead of KPMG’s automotive practice. “Automotive companies will continue to invest heavily in electric propulsion and will play a leadership role in the development of these emerging technologies going forward. The race is on, but there is no clear winner at this point.”
The Global Automotive survey found that:
“Electromobility is a colossal issue for the industry,” said Hatges. “The key automotive players should have a clearer vision on this, even though how and when fully electric cars will be a reality is dependent on a variety of complex and interrelated factors.”
For the KPMG Global Automotive Executive Survey 2012, KPMG interviewed 200 C-suite global automotive executives, including 25 from North America, representing vehicle manufacturers and suppliers, from October through November 2011. KPMG has released an annual survey of automotive executives expressing their views on the state of the industry since 1999.