Experts in the financial and tech industries discuss French market volatility, AI strategies at Google, and the growth of electric vehicles. Topics include market outlooks, investment strategies, AI applications in biology, and the impact of battery life on EVs' residual value.
EVs projected to dominate new car sales in China, Europe, and US by 2027.
Plug-in hybrids seen as transitional step to EVs, China produces more efficient P-HEVs.
EV adoption in US to accelerate with price parity and charging infrastructure improvements.
Deep dives
Global EV Sales Growth Uneven Across Regions
Electric vehicle sales growth is uneven globally, with China and Europe leading the adoption, while the US lags behind. By 2027, EVs are projected to account for 60% of new car sales in China, 41% in Europe, and 29% in the US.
Role of Plug-in Hybrids in the EV Transition
Plug-in hybrids (P-HEVs) are seen as an interim step in the transition to EVs, particularly in the US and Japan. However, the effectiveness of P-HEVs depends on their all-electric mileage capacity, with China producing more efficient P-HEVs compared to the US.
Tipping Point for EV Mass Adoption in the US
The mass adoption of EVs in the US is expected to accelerate when upfront price parity is achieved with traditional internal combustion engine (ICE) vehicles. This parity is projected to occur by 2026-2028 as EV prices decrease to match ICE vehicle costs.
Impact of EV Charging Infrastructure on Adoption
Charging infrastructure availability is a crucial factor affecting EV adoption rates, with Tesla leading the US in charging provision. The pace of charging infrastructure development will influence the growth of EVs, with targeted improvements needed to facilitate faster adoption.
Residual Value and Battery Life Considerations for EVs
Residual values of EVs are influenced by factors such as battery life and durability, impacting their long-term value retention. Ongoing research on battery lifespan, performance, and degradation will determine the resale value and longevity of EVs in the market.
Marcus Ashworth, Bloomberg Opinion Columnist covering European Markets, discusses recent turmoil in European markets. Kim Forrest, Founder and CIO of Bokeh Capital Partners, discusses her outlook for the markets. Mark Bergen, Bloomberg Technology Reporter, discusses the story: “Google DeepMind Shifts From Research Lab to AI Product Factory.” Girish Saligram, President and CEO at Weatherford International (NASDAQ: WFRD) discusses recent company announcements. Corey Cantor, BNEF Lead US Electric Vehicle Analyst, discusses BNEF's global long-term Electric vehicle forecast.