family standing besides electric car

Why consumer confidence is critical to a country’s EV transition

In this episode of the Advanced Manufacturing and Mobility Business Minute podcast, EY analysts Anuj Chandna and Angsuman Sharma share insights from the latest EY Electric Vehicle Country Readiness Index.

Related topics Automotive Transportation

The EY Electric Vehicle Country Readiness Index (EVCRI) examines global auto markets and their preparedness for an electric vehicle (EV) future. The most recent index evaluated 20 crucial EV markets, representing over 93% of worldwide EV volumes, to gauge their maturity.

The index evaluates three fundamental areas — supply, demand and regulatory — to determine what works in driving the overall EV ecosystem and the best practices for each country.

China continues its dominance of the EV market, remaining the undisputed leader in electrification of its vehicle market. Norway retains the second position in electrification, with the US, Sweden and the UK completing the rest of the leadership positions.

Rising fuel costs, increasing availability of EV models and swelling penalties on internal combustion engine (ICE) vehicles encourage consumer adoption of EVs across the globe. However, the lack of charging stations and higher upfront cost of EVs continue to be concerns. 

Key takeaways:

  • Factors such as fuel costs, availability of EV models and charging stations, penalties on ICE vehicles and cost of vehicles influence consumer decisions.
  • Key markets are rapidly developing their own local EV ecosystem and addressing the issues in the battery supply chain.
  • Public-private partnership is the way to invite investments in developing charging infrastructure.
  • Regulators and policies wield significant influence in fostering EV ecosystems.

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

If you would like to listen to our podcasts on the go:

Apple Podcasts

Spotify

Google Podcasts

Presenters

Anuj Chandna
EY Global Advanced Manufacturing & Mobility Analyst
Photographic portrait of Angsuman Sharma
Angsuman Sharma
EY Global Advanced Manufacturing and Mobility Analyst

Podcast

Episode 30

Duration 10m 39s

In this series

Series overview
(Event List - Manual)

Why consumer confidence is critical to a country’s EV transition

In this episode of the Advanced Manufacturing and Mobility Business Minute podcast, EY analysts Anuj Chandna and Angsuman Sharma share insights from the latest EY Electric Vehicle Country Readiness Index.
Podcast

Episode 30

Duration
10m 39s

Presenters

Anuj Chandna

EY Global Advanced Manufacturing & Mobility Analyst

Why supply chain disruption is still a concern for A&D companies

In this episode of the Advanced Manufacturing and Mobility Business Minute podcast, Raman Ram and Mike Cadenazzi discuss what lies ahead for the aerospace and defense (A&D) sector.
Podcast

Episode 29

Duration
12m 22s

Presenters

Raman Ram

EY Americas Aerospace & Defense Leader

Mike Cadenazzi

Managing Director, Aerospace & Defense, Ernst & Young LLP

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

Menaka Samant

EY Global Advanced Manufacturing & Mobility Analyst

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

Why the future of A&D looks bright, even with some turbulence ahead

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.
Podcast

Episode 26

Duration
18m 53s

Presenters

Raman Ram

EY Americas Aerospace & Defense Leader

Mike Cadenazzi

Managing Director, Aerospace & Defense, Ernst & Young LLP

Why EV’s future is bright despite economic and geopolitical headwinds

In this episode of the Advanced Manufacturing and Mobility podcast, EY analysts Anil Valsan and Anuj Chandna discuss the EY Mobility Lens Forecaster Suite and the future of EVs.
Podcast

Episode 25

Duration
13m 15s

Presenters

Anil Valsan

EY Global Automotive & Transportation Lead Analyst

Anuj Chandna

EY Global Advanced Manufacturing & Mobility Analyst

What a country’s evolving EV ecosystem needs to drive its transition

In this episode, EY Global Advanced Manufacturing and Mobility analysts Gaurav Batra and Anuj Chandna share insights from the latest EY Electric Vehicle Country Readiness Index.
Podcast

Episode 24

Duration
12m 07s

Presenters

Gaurav Batra

EY Global Advanced Manufacturing & Mobility Analyst Leader

Anuj Chandna

EY Global Advanced Manufacturing & Mobility Analyst

Why manufacturers are decoupling supply chains to stay competitive

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.
Podcast

Episode 23

Duration
14m 52s

Presenters

Claudio Knizek

EY-Parthenon Global Advanced Manufacturing & Mobility Leader