Electric car knowledge is driven by confusion

Barriers to success

• Consumers are worried about running out of power: 70% people think every fuel station or forecourt should have an EV charger, 60% want every public car space to have an EV charger and 55% want every new build home to have an EV charger. The automotive technology leader is calling for a new national strategy to help deliver these necessary changes and allow Brits to get to grips with how to achieve the 2050 goal.

Environmental

• Are consumers choosing electromobility for the right reasons? Only 30% of people recognise that there is still an environmental impact from generating the required additional electricity and from the production and disposal of electric batteries.
• Legacy vehicles that are already on the road will also have to play their part in cutting CO2 emissions. Synthetic fuels will play a huge role in cutting down this environmental impact as they are made exclusively with energy obtained from renewable sources such as the sun or wind. When vehicles on the road are powered by synthetic fuels, they are ultimately climate-neutral.
• Bosch is also continuing to invest in highly efficient combustion engines, as globally two out of every three newly registered vehicles in 2030 will still rely on internal combustion engines, mostly as part of a hybrid powertrain solution.

Generational

• The latest thing in technology: Younger drivers (18-24-year-olds) are almost twenty times as likely to want to own an EV than the over 55s (13.7% vs 0.7%) and are also three times as likely to buy their first EV this year (2020) – 14.5% vs 4.6%. The generational divide is further cemented with older drivers being four times as likely to say they will NEVER buy an EV vs younger (under 25) drivers – 29% vs 8%).

Usage

• Embracing the trend: 9 in 10 (87%) people still own a petrol/diesel car today, but 66% claim they will have switched to full-electric or hybrid by 2030.

Notes to editors

Research conducted in November 2019 through 3GEM Research.

Mobility Solutions is the largest Bosch Group business sector. According to preliminary figures, it generated sales of 47 billion euros in 2019, and thus contributed 60 percent of total sales from operations. This makes the Bosch Group one of the leading automotive suppliers. The Mobility Solutions business sector pursues a vision of mobility that is safe, sustainable, and exciting, and combines the group’s expertise in the domains of personalization, automation, electrification, and connectivity. For its customers, the outcome is integrated mobility solutions. The business sector’s main areas of activity are injection technology and powertrain peripherals for internal-combustion engines, diverse solutions for powertrain electrification, vehicle safety systems, driver-assistance and automated functions, technology for user-friendly infotainment as well as vehicle-to-vehicle and vehicle-to-infrastructure communication, repair-shop concepts, and technology and services for the automotive aftermarket. Bosch is synonymous with important automotive innovations, such as electronic engine management, the ESP anti-skid system, and common-rail diesel technology.

The Bosch Group is a leading global supplier of technology and services. It employs roughly 403,000 associates worldwide (as of December 31, 2019). According to preliminary figures, the company generated sales of 77.9 billion euros in 2019. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT company, Bosch offers innovative solutions for smart homes, smart cities, connected mobility, and connected manufacturing. It uses its expertise in sensor technology, software, and services, as well as its own IoT cloud, to offer its customers connected, cross-domain solutions from a single source. The Bosch Group’s strategic objective is to deliver innovations for a connected life. Bosch improves quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is “Invented for life.” The Bosch Group comprises Robert Bosch GmbH and its roughly 440 subsidiary and regional companies in 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. The basis for the company’s future growth is its innovative strength. At 125 locations across the globe, Bosch employs some 72,000 associates in research and development.

To learn more, please visit www.bosch.com, iot.bosch.com, www.bosch-press.com, twitter.com/BoschPresse.