Where will vehicle engine production grow the most?

Engine production in South Asia, driven by India, is expected to grow significantly by more than 37%, or 3.2 million units by 2026 to reach more than 11.9 million units of annual production.

Vehicle Electrification, Powertrain and Compliance

The most comprehensive coverage of current and future engines, transmissions and alternative propulsions.

Rapidly changing market trends, tightening regulations, powerful technology innovations, and intense competition make keeping up with the global powertrain market a significant challenge. S&P Global provides powerful tools for analyzing powertrain production by platform, model, plant, and vehicle installation. And, our suite of compliance tools illustrates pathways and associated costs to achieve regulatory compliance.

Guide technology strategy development and deployment
Develop long-term investment plans
Evaluate competitive portfolios and technologies
Identify the gap between the current fleet mix and compliance regulations
Understand the overall investment of the technology required for achieving compliance.

Assess different powertrain production volumes by region Download our seven-year forecast

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Access our latest whitepapers Shift to net zero, compliance, selling EV credits, the electrified future, battery costs, and more

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Products and Solutions

LV Engine Forecast

Delivers current and projected light-vehicle engine data for 50 countries and 40 technical attributes

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LV Transmission Forecast

Provides both existing and projected light-vehicle transmissions data for more than 50 countries and 40 technical attributes

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Alternative Propulsion Forecast

Tracks technology, timing, model cycles, competitive strategies and supply-chain implications for 30+ attributes of alternative-propulsion vehicle systems

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MHCV Engine Forecast

Gauge the current and projected engine market worldwide for medium- and heavy-commercial vehicles

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Vehicle Performance and Compliance (VPaC)

Balance risk with reward in the pursuit of regulatory compliance and vehicle performance.

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Vehicle Technical Intelligence

The most comprehensive tool for planning in-production fleets in the United States

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Compliance Suite

Pathways—and associated costs—to achieve regulatory compliance

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xEV Sales Scenario & Compliance

xEV Sales Scenario & Compliance (In progress)Insights to navigate complex and continually evolving powertrain and compliance targets

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US State EV Forecast

State-level forecasts driven by vehicle registrations, powertrain technology, and local economic insight.

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EV Charging Infrastructure

Seizing the opportunity for public charging infrastructure. What are the future needs? How many charging points are needed and where?

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Charging Service (AutoTechInsight)

A deep perspective on the global charging ecosystem and covers the latest technology trends and supply chain dynamics on vehicle charging and charging stations

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Battery Service (AutoTechInsight)

In-depth analysis of battery technology developments and the evolving supply chain landscape

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Propulsion Service (AutoTechInsight)

Developments of existing or new component technologies applied to engine and transmission as well as fuel efficiency and emission regulations

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FAQs

How many battery electric light vehicles are expected to be produced in North America in 2022?: We expect there to be nearly 900,000 EVs produced in North America in 2022, nearly 60% more than what we saw in 2021. We expect this to strong growth to continue to more than 2.7 million units in 2025, almost 500% our 2022 forecast.
Will the United States hit President Biden’s goal for 50% of sales to be battery electric or plug-in hybrids by 2030?: It’s going to be close. Our current US sales outlook has battery electric and plug-in hybrid sales climbing about 47% in 2030, just short of President Biden’s target. However, between the recently passed Inflation Reduction Act and other recent manufacturer announcements, the target could very well be achieved.
In the light vehicle segment, when will battery electric and fuel cell vehicles exceed ICE/Hybrid vehicles?: In 2031, S&P Global Mobility expects that the number of BEVs and FCVs produced globally will surpass total ICE/Hybrid vehicles.
Which US state has the highest adoption rate among electrified vehicles?: California. In 2022, 15 US states accounted for 83.6% of xEVs. California alone accounted for 42.6%
What is the outlook for ICE-based vehicles in North America?: North America production of light vehicles powered only by an ICE is expected to decline from nearly 12 million in 2022 to 5.4 million in 2030. While this is a steep decline, when hybrid applications are also included (which will still utilize ICEs) the figure rises to nearly 10 million.
Why is S&P Global Mobility’s outlook for hydrogen powered vehicles so low?: While Hydrogen-powered vehicles offer a number of consumer advantages, most manufacturers are currently focusing investment and development efforts on battery electric vehicles. Challenges with infrastructure and production costs make battery electrics a more attractive option today. We expect to see significant developments in hydrogen-powered vehicles in the 2030s, particularly with commercial vehicles, but little growth in our short-term outlook.
How do you define light vehicles?: Light vehicles are defined as vehicles below 6 tons.

Experts

Andrew Fulbrook

Andrew is responsible for managing the global powertrain team and forecasts. He supervises future global product program intelligence and market analysis, future technologies and trends assessments, and qualitative consulting activities surrounding powertrain electrification. Prior to joining S&P Global, he worked extensively in the area of European powertrain and component research. He is widely quoted in European and global automotive publications, is often invited to provide keynote speeches and has written multiple editorial contributions over the years.Andrew holds a Higher National Diploma with Merit in Mechatronics, including Higher Mathematics, as well as a National Diploma in Engineering Science, both from Brooklands College, Surrey, England, UK.

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Graham Evans

Graham leads the global research practice for Powertrain, E-Mobility, and Thermal Systems Component Forecasting. His research interests lie in the areas of batteries, motors, power electronics, charging infrastructure, legislation, and incentives, as well as conventional powertrain components and technologies such as exhaust after treatment. He is also Manager of the Europe, Middle East, and Africa (EMEA) Research & Analysis team.Previously employed in engineering positions within the automotive industry, Graham has 10 years' experience in Powertrain Development and Noise, Vibration, and Harshness (NVH) having previously worked for Ricardo, Bentley Motors, and Jaguar Land Rover.Graham graduated from Loughborough University in the UK with a Master's Degree in Automotive Engineering and is a Chartered Member of the Institution of Mechanical Engineers.

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Vijay Subramanian

Vijay is a Global lead for CO2 compliance business initiatives and forecast product offerings for S&P Global Mobility automotive team on the subjects of GHG, CAFE compliance, CO2 forecasting, and Cost / Investment forecasting. This also includes the regulatory impact assessment of car manufacturers investment and powertrain portfolio trends to meet competitiveness and compliance. Extensive experience on Climate change transportation policy for Europe, China, and NAFTA market and its contribution to Net Zero and Circular economy.He also served as a technology leader to manage cross-functional initiatives on vehicle portfolio optimization, cost-benefit technology selection and product planning to set fuel economy and energy management targets to meet regulation targets.Vijay is also well known within the auto industry for his contribution to news articles, whitepapers, press, conferences, panels, and speaking engagements around GHG/CO2 regulation for China, Europe, and US market.He is a subject matter expert for the S&P Global Mobility Automotive team on the topic of NetZero / Sustainability / Climate Change and resilience / Smart and sustainable cities / GHG/ Sustainability / Policy and regulation/ CO2 Compliance/ Cost Forecasting /Powertrain and Electrification /Energy Management.Vijay earned a Master of Engineering degree in 2004 and served in numerous roles with major manufacturers like Caterpillar, Chrysler, Jaguar Land Rover, and Changan before joining S&P Global.

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Vehicle Electrification, Powertrain and Compliance

The most comprehensive coverage of current and future engines, transmissions and alternative propulsions.

Products and Solutions

FAQs

Experts

Andrew Fulbrook

Graham Evans

Vijay Subramanian

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