<p><span>This is a video of Itay Michaeli discussing his recent Citi GPS report, <a href="https://ir.citi.com/kTV1i1epgd3LAMr0SU8T2D4PrfGFRhpD2vwew4c7HpGLWHvDqoLk42OZn%2FKLKRrENEECmzMEPhU%3D">Car of the Future v2.0</a>.</span></p>

The Car of the Future v2.0

Heading into 2023, Citi’s Global Auto Team reviewed its latest forecasts for global, light vehicle electric vehicle (EV) penetration. Unlike past forecasts, today’s forecasting process entails taking into account complex and evolving factors from near-term macroeconomic and inflationary pressures to new policies and subsidies (some of which have yet to be fully defined, such as the U.S. Inflation Reduction Act), near-term and long-term supply-chain pressures and uncertainties, and the latest capacity and product announcements from automakers.

State of Global Electric Vehicle Adoption

In our Car of the Future series, we started by attempting to explain and evaluate the global automotive technologies that will shape tomorrow’s cars — from assembly and safety to fuel. In identifying and evaluating these future technologies, we also put together a basic investor framework that evaluates the potential for each technology by asking some simple questions — things like “Is there a specific regulatory driver?” or “Is it reasonably affordable to consumers?” The next chapter in the series expands from a content-into-the-car theme into a new-economics-of the car-itself theme. Fully autonomous cars, driverless on-demand ridesharing networks, and eventually integrated mobile networks, connectivity, over-the-air, and big data are areas being pursued by automakers because of potentially game-changing business model economics.

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