PwC Forecasts BEVs to Reach 30% of Global Vehicle Output
PwC expects battery electric vehicles to account for 30% of global automotive production within five years, up from 18% now. Its Global Automotive Outlook projects internal combustion engine vehicles will fall from 60% to 41% of output, with China seeing an even faster shift. The survey also finds automotive firms increasingly prioritizing AI, with usage expected to rise from 47% to 72% by 2030.
PwC’s first Global Automotive Outlook expects battery electric vehicles to reach 30% of global automotive production within five years, up from 18%. Internal combustion engine vehicles would fall from 60% to 41%. In China, BEVs are projected to rise from 29% to 40%, while ICE vehicles drop from 43% to 29%.
The report surveyed 720 automotive executives across 33 countries, focusing on China, Germany, India, Japan and the United States. It also forecasts AI and advanced technology use rising from 47% to 72% by 2030, with AI ranked ahead of batteries and in-vehicle software as a strategic priority.
A faster shift toward electric vehicles could affect workers in engine and parts manufacturing, while creating demand for battery, software and charging roles. Drivers may gain more electric choices, though charging access and grid capacity could shape how widely benefits are felt. Rising AI adoption may also change skills and jobs across automotive firms, suppliers and related services, with effects varying by region and company.