Gartner outlines a new phase in the global development of electric vehicle companies.
According to information, on April 10, the American information technology research and analysis company Gartner predicted that in 2024, automobile manufacturers will continue to grapple with the increasing significance of software and electrification, paving the way for a new phase in the development of electric vehicles (EVs).
Looking further ahead, Gartner has made three predictions: By 2027, the average production cost of the next generation of battery electric vehicles (BEVs) will be lower than that of equivalent gasoline-powered vehicles; by 2027, the average maintenance cost for severe accidents involving electric vehicle bodies and batteries will increase by 30%; by 2027, 15% of electric vehicle companies will be acquired or go bankrupt.
Specifically, Gartner forecasts that by 2027, the average production cost of the next generation of battery electric vehicles (BEVs) will be lower than that of equivalent gasoline-powered vehicles (ICE). As original equipment manufacturers (OEMs) are innovating their production operations alongside product design, the decline in BEV production costs over the coming years will far outpace the decrease in battery costs. By 2027, the average maintenance cost for severe accidents involving electric vehicle bodies and batteries will increase by 30%. Vehicles involved in collisions are highly likely to be declared total losses due to repair costs exceeding their residual value. The increase in collision repair costs may also lead to a rise in insurance premiums and even result in insurance companies refusing to insure specific vehicle models.
Furthermore, Gartner believes that rapidly reducing BEV production costs should not come at the expense of increased maintenance costs. In the long run, such actions could provoke consumer backlash, and the new production methods for BEVs must be implemented alongside processes that ensure low maintenance costs. Additionally, Gartner predicts that by 2027, 15% of electric vehicle companies established in the past decade will be acquired or go bankrupt. However, this does not signify a collapse of the electric vehicle industry; rather, it indicates the onset of a new phase where enterprises with superior products and services will stand out.