The future of automotive mobility, 2024

Investment Rating - The report does not explicitly provide an investment rating for the automotive mobility industry. Core Insights - The automotive industry is experiencing a shift away from the idealized CASE (Connected, Autonomous, Shared, Electric) future, with a more realistic outlook focusing on connected, assisted, and private mobility rather than fully autonomous and shared models [4][5][8]. - The report highlights significant divergence in automotive trends between mature markets (US, Europe, North Asia) and dynamic, price-sensitive markets in the rest of Asia and the Middle East [4][5]. Mobility Profile & Car Ownership - Global car ownership is increasing, contrary to earlier predictions of decline, driven by economic growth in developing markets and the necessity of car ownership in areas with limited public transport [12][18]. - Younger demographics expect car ownership to remain important, while older individuals in mature markets anticipate a shift towards reduced car ownership as they age [19][20]. New Mobility Services - There is no significant trend away from personal car ownership; many respondents still view it as essential, particularly in regions lacking robust public transport [25][26]. - Flexibility and cost are the primary drivers for adopting new mobility services, with a notable percentage of respondents indicating they would not give up their cars under any circumstances [35][36]. Autonomous Driving - Trust in autonomous driving technology has not significantly increased over the past five years, with safety concerns remaining a major barrier to acceptance [38][42]. - The level of acceptance varies by income and location, with urban high-income respondents showing more positive attitudes towards autonomous vehicles compared to those in Europe and the US [41][42]. Alternative Drivetrains & Charging Infrastructure - The number of new registrations for battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) reached 14 million in 2023, indicating robust growth in electric vehicle markets [49][50]. - Despite the growth, challenges such as higher upfront costs and concerns about battery life and charging infrastructure continue to hinder broader adoption of electric vehicles [61][63].