Carmakers Will Continue EV Investments While Improving IC Engine

KPMG 2012 global survey finds the need for new electric propulsion technology is still top of mind for auto executives.

Published: 15-Feb-2012

TORONTO -- Conventional gasoline engines will continue to be the primary way to power vehicles for the near future, says a recent survey.

According to KPMG’s 13th annual Global Automotive Executive Survey, improving standards in performance and fuel efficiency means internal combustion engines will continue to be the main powerplants driving cars well into the next decade. The survey results, released Feb. 13, indicate however that automakers are expected to continue to invest in electric technology.

"The need for new electric propulsion technology is still top of mind for auto executives around the world given the demand that will be felt in the emerging markets," says KPMG’s Peter Hatges. "Automotive companies will continue to invest heavily in electric propulsion and will play a leadership role in the development of these emerging technologies going forward.”

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