Proof Point
Regulatory support, AI and battery advancements, increased competition, and better performance driving EV and AV adoption
EV and AV – Key Drivers and Barriers
Proof Point Findings
Key Drivers
- Regulatory support – Government incentives, funding, tax breaks, and policies
- AI applications – AI driving innovation of mapping tools, LiDAR sensors and driving algorithms
- Battery Technology Improvement – Breakthroughs in solid-state battery cell and fast-charging stations
- Increased Competition – Intensified race to launch first fully-autonomous vehicles in market
- Better Performance – AV and EVs more powerful engines, higher efficiency and lower maintenance
Top Barriers
- High EV Acquisition Cost – Requires higher initial acquisition cost compared to ICE vehicles
- Nascent EV and AV Infrastructure – Lacks infrastructure to fully optimize and support use of EVs and AVs
- AV Security Concerns – Consumer and regulatory concern on road safety and threat of cyberattacks
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Accelerator |
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Sector |
Transportation and Logistics
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Source |
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Date Last Updated |
October 23, 2017
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