China News Agency, Berlin, March 5th (Reporter Peng Dawei) The latest report released by the international consulting firm McKinsey shows that by 2024, the proportion of German manufacturers in global electric vehicle production is expected to rise from 18% in 2019 to 29% . The report predicts that with this growth rate, Germany is expected to become the world's largest producer of electric vehicles with an annual output of more than 1.7 million vehicles in 2021.
McKinsey, known as one of the "Three Global Management Consulting Companies", is headquartered in New York, USA, and has established more than 100 branches in more than 60 countries. It currently provides consulting services to 90 of the world's top 100 companies in various industries. The above-mentioned "Electric Vehicle Index" report released every year assesses the industrial development of the 15 most important countries in the global electric vehicle industry.
The report states that Europe will become a hot spot for the development of electric vehicles in the future. Sales of pure electric vehicles and plug-in hybrid vehicles in Europe soared last year, increasing by more than 44% to 600,000. The report predicts that the German automotive industry will benefit from the rapid development of electric vehicles. The substantial increase in electric vehicles produced by German manufacturers will be largely due to plug-in hybrids. By 2021, at least half of all electric vehicles produced in Germany will be plug-in hybrids. But the report also reminded that Germany needs to further improve its electric vehicle charging infrastructure. The country currently has 24,000 public charging posts, ranking third behind China and the Netherlands.
"McKinsey data shows that contrary to the views of some critics, the German automotive industry will never miss the opportunity of electric vehicles." Stefan Di Bitonto, an automotive expert at the German Federal Trade and Investment Agency, told reporters that German car manufacturing Companies, especially Volkswagen, have now focused on the electric vehicle sector. (Finish)