HomeAutomotiveTCS Global Study Reveals 2025 To Be The Year Of EVs

TCS Global Study Reveals 2025 To Be The Year Of EVs

More people than ever before are likely to choose an EV as their next car according to TCS

Tata Consultancy Services (TCS) has revealed compelling insights in its latest study, the TCS Future-Ready eMobility Study 2025. This research, based on responses from over 1,300 participants across North America, the UK, Continental Europe, and APAC, shows that more than 64 percent of consumers are likely to consider electric vehicles (EVs) for their next purchase. 

Despite concerns about charging infrastructure, 56 percent of consumers are willing to pay up to USD40,000 (about RM180,072) for an EV. The study highlights the growing interest in EVs, driven primarily by the need for sustainability and lower operational costs. Consumers and influencers alike see environmental benefits as a key motivator, though many EV influencers expressed concerns about the carbon footprint of EVs

Moreover, nearly 48 percent of influencers felt that EVs neither significantly reduce nor increase carbon emissions, with some even suggesting that EV adoption might have a negative environmental impact. In contrast, 53 percent of commercial fleet operators view electric mobility positively, motivated by cost reductions.

Earl Newsome, Global CIO at Cummins, emphasized the transformation that electric mobility promises. He pointed to innovation, resilience, and collaboration as critical to the industry’s evolution. As part of the Destination Zero strategy, Cummins is focused on advancing decarbonization efforts through diverse power solutions, aligning with the industry’s push for a sustainable future.

The survey also uncovers several challenges hindering EV adoption, particularly in charging infrastructure. 74 percent of EV manufacturers view charging infrastructure as the main barrier to growth, while 55 percent are investing in battery technology to address these issues. In response to increasing demand, nearly 78 percent of manufacturers are working to reduce EV costs.

On top of that, key findings from the study include 90 percent of manufacturers and 84 percent of EV influencers agree that improvements in battery technology will enhance range and charging speed, shaping the future of EVs. It also found that 72 percent of EV charging infrastructure players anticipate significant mergers within the sector due to scaling and financial challenges.

Lastly, the study found that 63 percent of EV influencers cite net-zero goals and reducing carbon footprints as their primary motivations for adopting EVs. TCS’ vision for the future of mobility revolves around technological innovation and strategic partnerships. As a trusted partner in the industry for over two decades, TCS has been instrumental in helping manufacturers transition from internal combustion engine (ICE) vehicles to EVs. 

This includes deploying Battery Management System (BMS) software for over 500,000 EVs globally and establishing EV charging infrastructure in 75+ countries. With a focus on sustainable mobility, TCS is driving change across the mobility value chain, helping stakeholders embrace the future of electric vehicles.

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