Portrait of smiling family leaning on car trunk in front yard

How understanding consumer mindsets can drive EV enthusiasm

In this episode of the Advanced Manufacturing and Mobility Business Minute podcast, the speakers Gaurav Batra and Menaka Samant share insights from the 2023 EY Mobility Consumer Index.

Related topics Automotive Transportation

The Mobility Consumer Index (MCI) is an annual study conducted by EY Global Advanced Manufacturing and Mobility. The study reviews and assesses the latest trends and patterns in the mobility sector. The latest edition of MCI surveyed over 15,000 consumers in 20 countries.

In this episode of the Advanced Manufacturing and Mobility Business Minute podcast, Gaurav Batra, EY Global Advanced Manufacturing and Mobility Lead Analyst, and Menaka Samant, EY Global Advanced Manufacturing and Mobility Analyst, explore the shifts in the mobility landscape, with a focus on EV adoption and acceptance. They discuss the broad themes that emerged from the latest edition of MCI research, identified five EV customer personas and share three no regret moves that will help move consumers toward EV adoption.

Key takeaways:

  • More than half (55%) of the survey respondents are planning to purchase a fully electric, hybrid or a plug-in hybrid vehicle over the next two years.
  • SUVs have emerged as the most preferred body type for potential EV buyers across geographies.
  •  While range continues to be a major factor driving the hesitancy in buying an EV, lack of charging infrastructure, upfront purchase costs and inadequate charging stations also play a crucial role.
  • To alleviate consumer uncertainty regarding the EV ownership experience, continued education should be provided.

For your convenience, full text transcript of this podcast is also available. Read the transcript.

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Presenters

Gaurav Batra
EY Global Advanced Manufacturing & Mobility Analyst Leader, EY Knowledge
Menaka Samant
EY Global Advanced Manufacturing & Mobility Analyst

Podcast

Episode 28

Duration 11m 46s

In this series

Series overview
(Event List - Manual)

How understanding consumer mindsets can drive EV enthusiasm

In this episode of the Advanced Manufacturing and Mobility Business Minute podcast, the speakers Gaurav Batra and Menaka Samant share insights from the 2023 EY Mobility Consumer Index.
Podcast

Episode 28

Duration
11m 46s

Presenters

Gaurav Batra

EY Global Advanced Manufacturing & Mobility Analyst Leader, EY Knowledge

Why there is much more to sustainability than building EVs

In this episode of the Advanced Manufacturing and Mobility Business Minute podcast, Andrea Weinberger explains why automotive companies need a broader ESG agenda to achieve a more sustainable future.
Podcast

Episode 27

Duration
14m 39s

Presenters

Andrea Weinberger

Partner, Strategy and Transactions, Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft

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In this episode of the Advanced Manufacturing and Mobility Business Minute podcast, Raman Ram and Mike Cadenazzi discuss the impact of changes in the Aerospace & Defense (A&D) sector.
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Episode 26

Duration
18m 53s

Presenters

Raman Ram

EY Americas Aerospace & Defense Leader

Mike Cadenazzi

Managing Director, Aerospace & Defense, Ernst & Young LLP

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Episode 25

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Episode 24

Duration
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In this episode, Claudio Knizek, EY-Parthenon Global Advanced Manufacturing & Mobility Consulting Leader, discusses why businesses are decoupling existing supply chains and repositioning production facilities.
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Episode 23

Duration
14m 52s

Presenters

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In this episode, EY Global Advanced Manufacturing and Mobility analysts Gaurav Batra and Akshi Goel share insights from the 2022 EY Mobility Lens Consumer Index.
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Presenters

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In this episode, EY leaders Kevin Muskat and Darcy Cowell, Toyota Social Innovation Senior Manager Corey Clark, and VP and General Counsel of Interstate Batteries Kelvin Sellers discuss DE&I.
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Duration
31m 37s

Presenters

Kevin Muskat

Partner, Strategy and Transactions, Ernst & Young LLP

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Principal, People Advisory Services, Ernst & Young LLP