Hybridization and Electric Vehicle Segments to Boost Global Powertrain Industry, Finds Frost & Sullivan

For further information on this analysis, Global Powertrain Outlook 2021, please visit: http://frost.ly/66d For further information on this analysis, Global Powertrain Outlook 2021,   please visit:http://frost.ly/66d "Conventional ICE-powered vehicles face intense competition from powertrain electrification, resulting in lower cost and increased range. Further, with the declining trend of ICE-powered vehicles sales, EVs (BEVs and PHEVs) and even full hybrid electric vehicles (FHEVs) are...

For further information on this analysis, Global Powertrain Outlook 2021, please visit: http://frost.ly/66d

"Conventional ICE-powered vehicles face intense competition from powertrain electrification, resulting in lower cost and increased range. Further, with the declining trend of ICE-powered vehicles sales, EVs (BEVs and PHEVs) and even full hybrid electric vehicles (FHEVs) are likely to grow at an impressive rate," said Bharath Kumar Srinivasan, Senior Industry Analyst, Mobility at Frost & Sullivan. "From an opportunity perspective, with the continued demand for lowering emissions and fuel consumption, original equipment manufacturers (OEMs) should offer direct injection and boosting technologies based on regional preferences, cost, and performance."

Srinivasan added: The global push toward a carbon-neutral economy is leading to ever-stringent regulations, which are impacting regions, with some already committing to the ICE ban while others are still working toward specific commitments. The introduction of the Worldwide Harmonized Light Vehicle Test Procedure (WLTP) across key global markets will also help standardize fuel economy calculations and emissions.

Key regional insights include:

Global Powertrain Outlook 2021 is the latest addition to Frost & Sullivan's Mobility research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

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Global Powertrain Outlook 2021

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