A Roadmap to EV Commercialization and Compliance Success

EV Market Challenges and Opportunities

CHALLENGES		OPPORTUNITIES
	Turbulent Marketplace Highly competitive landscape with new startups looking to gain market share and get ahead of established OEMs Supply chain disruptions due to pandemics and other unforeseen events		Legislation for Net-Zero Emissions and Carbon- Neutral Transportation European Climate Law¹ U.S. Bipartisan Infrastructure Law²
	Increasing Consumer Demands Need for continuous innovation to deliver smart, connected products and improved customer experiences		Rapid Market Growth Global compound annual growth rate (CAGR) of 26.8%³ Projected to reach 34.8 million units and account for 7% of global vehicle fleet by 2030³
	Stringent Regulatory Requirements Ensuring product safety and reliability Restricting the use of hazardous raw materials		Significant Technology Investment in EV Industry $400 billion over the past decade⁴


	Turbulent Marketplace Highly competitive landscape with new startups looking to gain market share and get ahead of established OEMs Supply chain disruptions due to pandemics and other unforeseen events
	Increasing Consumer Demands Need for continuous innovation to deliver smart, connected products and improved customer experiences
	Stringent Regulatory Requirements Ensuring product safety and reliability Restricting the use of hazardous raw materials
OPPORTUNITIES
	Legislation for Net-Zero Emissions and Carbon- Neutral Transportation European Climate Law¹ U.S. Bipartisan Infrastructure Law²
	Rapid Market Growth Global compound annual growth rate (CAGR) of 26.8%³ Projected to reach 34.8 million units and account for 7% of global vehicle fleet by 2030³
	Significant Technology Investment in EV Industry $400 billion over the past decade⁴