Global Forces Shaping The Sector

Automotive companies are adapting to environmental challenges, digitalisation, changing customer behaviour, growing urbanisation and globalisation. With pure electric vehicles yet to fulfill their potential, improving Internal Combustion Engines assumes a higher priority, while plug-in hybrids are expected to be the most popular e-mobile and set to lead the e-vehicle race. In densely populated cities, mobility solutions (which include public transport and rented cars), are becoming more common, which could impact car ownership patterns and even herald the era of the self-driving car. In African cities that have a legacy of poor public transport infrastructure, car ownership has become more of an imperative.