Q4 2023 Automotive industry demand forecast

The data in these demand graphs is based on APC insight gathered from UK OEMs on xEV production; APC and Automotive Council PEMD traction specifications; and powertrain split forecasts from S&P Global IHS Markit. Rho Motion, BloombergNEF (BNEF) and Wood Mackenzie have also guided the demand forecast.

 Key headlines

Five major developments could see the UK accelerate itself into pole position as a global automotive leader in the journey to zero-emission vehicles:

• Introduction of dedicated electric vehicle (EV) platforms,
• Decreasing battery pack costs,
• Adoption of integrated vehicle health management (IVHM) systems,
• Improvements in design efficiency, and
• A sustained push on charging infrastructure.