The shift to the production of purely electric vehicles is not possible within the existing legislative timetables. This is emphasized by 59% of the respondents of the global survey conducted by the Automotive Manufacturing Outlook. Respondents highlighted:

• The challenges of adapting to a new battery supply chain.
• Concerns about the high levels of capital investment required;
• Shortages of raw materials; adequate infrastructure; and lack of network capacity.

Although 28% expressed the view that the deadlines were achievable, they also indicated that there would be significant challenges, while 18% believed that the current targets would never be met. Only 11% believed that all regional targets for EV adoption by 2030-2040 were realistic.

The survey also highlighted the challenges of adapting to a new battery supply chain, cited as a key barrier by 19% of respondents, while 16% had concerns about the high levels of capital investment required.