Latest news with #Future-ReadyeMobilityStudy2025
Associated Press
06-03-2025
- Automotive
- Associated Press
TCS Study Reveals Sustainability and Innovation Are Driving the Future of eMobility
The electric mobility (eMobility) revolution is rapidly accelerating, which presents both opportunities and challenges for a sustainable future. A recent study by Tata Consultancy Services (TCS), the TCS Future-Ready eMobility Study 2025, offers valuable insights into the trends, challenges, and opportunities shaping the future of eMobility. 'The electric vehicle (EV) industry is at a defining crossroad, navigating the complexities of scale and transformation. While nearly two-thirds of consumers are open to choosing electric for their next vehicle, manufacturers face challenges like advancing battery technology, complex vehicle designs, and production economics,' said Anupam Singhal, President of Manufacturing, TCS. The study surveyed over 1,300 anonymous respondents across North America, the United Kingdom & Ireland, Continental Europe, and Asia Pacific (APAC), including transport manufacturers, charging infrastructure players, fleet adopters, consumers, and EV adoption influencers. The research offers a comprehensive understanding of the EV industry's current state and its potential future impact. Sustainability and Cost Savings Drive EV Adoption, Fueling a Greener Future The study underscores that sustainability and lower operational costs are the primary drivers of EV adoption. Consumers are increasingly aware of the environmental impact of traditional vehicles and are actively seeking greener alternatives. This heightened awareness places significant pressure on manufacturers to minimize their carbon footprint across the entire value chain, from raw material sourcing to more sustainable processes and end-of-life management. The TCS study reveals 'almost two-thirds (63%) of EV influencers say their primary motivation for EV adoption is to achieve net-zero goals/environmental sustainability and reduced carbon footprint.' This highlights the growing importance of circular economy principles, such as battery recycling and remanufacturing, in achieving true sustainability and minimizing environmental impact. Innovation and Collaboration Essential for a More Sustainable eMobility Ecosystem Technological advancements in battery technology, charging infrastructure, and vehicle design are essential for improving performance, reducing costs, and enhancing overall user experience. A significant majority (74%) of EV manufacturers identify the lack of adequate charging infrastructure as the primary barrier to market growth. However, many (55%) are already investing in battery technology innovation, and even more (78%) are working to lower vehicle costs to meet the rising demand for EVs. To accelerate the transition to a sustainable eMobility ecosystem, collaboration between automakers, technology companies, energy providers, and government agencies is imperative. This collaboration can focus on deploying innovative solutions such as expanded charging infrastructure (both public and private) and addressing range anxiety to encourage wider adoption of electric vehicles. Other key findings from the study include: TCS: A Partner in Building a More Sustainable EV Future For more than 20 years, TCS has been a key partner to original equipment manufacturers (OEMs), guiding them in their transition from traditional combustion engines to electric vehicles. To date, TCS has supported the deployment of Battery Management Systems (BMS) software in over 500,000 EVs worldwide and assisted OEMs in establishing EV charging infrastructure in 75 countries. TCS brings innovative technology, strategic partnerships and extensive knowledge to empower EV manufacturers and stakeholders to both navigate change and build a more sustainable future. From vehicle design and battery production to digital platforms and customized customer experiences, TCS aims to collaborate with clients and partners in shaping a bold and sustainable future. For more information, visit: TCS Future-Ready eMobility Study 2025 About Tata Consultancy Services Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world's largest businesses in their transformation journeys for over 56 years. Its consulting-led, cognitive powered, portfolio of business, technology and engineering services and solutions is delivered through its unique Location Independent Agile™ delivery model, recognized as a benchmark of excellence in software development. A part of the Tata group, India's largest multinational business group, TCS has over 607,000 of the world's best-trained consultants in 55 countries. The company generated consolidated revenues of US $29 billion in the fiscal year ended March 31, 2024, and is listed on the BSE and the NSE in India. TCS' proactive stance on climate change and award-winning work with communities across the world have earned it a place in leading sustainability indices such as the MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit
Zawya
12-02-2025
- Automotive
- Zawya
64% of consumers likely to choose EV as their next vehicle in 2025, TCS Global Study reveals
RELATED TOPICS ELECTRIC VEHICLE RELATED COMPANIES TATA Group TCS Cummins Arab T C S Global Oems Automotive Dubai: According to a new study by Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a global leader in IT services, consulting, and business solutions, more than 6 out of 10 (64%) consumers are likely or very likely to consider an electric vehicle (EV) for their next purchase in 2025. The TCS Future-Ready eMobility Study 2025 highlights key trends shaping the future of sustainable mobility, revealing that while enthusiasm for EVs continues to rise, challenges around charging infrastructure and cost remain key concerns. While 60% of consumers cited charging infrastructure as a major hurdle, 56% expressed willingness to pay up to $40,000 for an EV. Conducted across North America, the UK & Ireland, Continental Europe, and APAC, the study surveyed over 1,300 key stakeholders, including transport manufacturers, charging infrastructure players, fleet adopters, and consumers. Sustainability and cost savings drive EV growth Environmental sustainability and lower operational costs are among the strongest motivators for EV adoption. However, the study revealed a surprising insight: while consumers and industry influencers recognise EVs as a step toward greener mobility, 48% of EV influencers believe EVs both increase and reduce carbon output in equal measure, while 10% even argue that EV adoption is having a negative impact on the environment. Commercial fleets, meanwhile, remain optimistic about EV adoption, with 53% of fleet adopters citing lower operational costs as a key driver. Many businesses are willing to invest in EVs at a premium compared to traditional internal combustion engine (ICE) vehicles. Addressing key challenges to EV adoption Despite growing interest in EVs among consumers, charging infrastructure remains the most significant barrier to EV expansion. The study found that 74% of EV manufacturers view inadequate charging networks as the biggest roadblock to industry growth. However, the sector is actively addressing these challenges — 55% of manufacturers have already started investing in battery technology innovation, while 78% are focusing on cost reduction to make EVs more accessible to consumers. A surprising 90% of manufacturers surveyed believe that improvements in battery technology will enhance range and charging speed and will significantly impact the design and performance of EVs in the near term compared to other technological advancements. Earl Newsome, Global Chief Information Officer, Cummins, said, 'The future of mobility is electric, connected, and sustainable — a transformation that will redefine industries and communities alike. The TCS Future-Ready eMobility Study 2025 provides a powerful lens into the challenges and opportunities shaping this journey, emphasizing the critical roles of resilience, innovation, and collaboration. At Cummins, in line with our Destination Zero™ strategy, we are dedicated to advancing industry-wide decarbonization with a diverse range of power solutions. Our ability to deliver technologies today, while innovating zero carbon solutions, and building partnerships will ensure a sustainable and enduring future of mobility." Anupam Singhal, President, Manufacturing, TCS, said, 'The electric vehicle industry is at a defining crossroad, navigating the complexities of scale and transformation. While nearly two-thirds of consumers are open to choosing electric for their next vehicle, manufacturers face challenges like advancing battery technology, complex vehicle designs, and production economics. At TCS, our Future-Ready Mobility vision focuses on creating an interconnected ecosystem powered by AI and Gen AI to drive smarter decision-making, enhanced customer experiences, and deliver scalable, sustainable solutions. By addressing these critical challenges, we are accelerating the global shift toward electrified and sustainable transportation.' For over two decades, TCS has been a strategic partner to Original Equipment Manufacturers (OEMs), helping them on their ICE to EV transformation journey. The company has helped deploy Battery Management System (BMS) Software for 500,000+ EVs on-road globally and establish EV charging infrastructure for 75+ countries for OEMs. Key results from the survey, can be found at TCS Future-Ready eMobility Study 2025. About Tata Consultancy Services (TCS) Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world's largest businesses in their transformation journeys for over 56 years. Its consulting-led, cognitive powered, portfolio of business, technology and engineering services and solutions is delivered through its unique Location Independent Agile™ delivery model, recognized as a benchmark of excellence in software development. A part of the Tata group, India's largest multinational business group, TCS has over 607,000 of the world's best-trained consultants in 55 countries. The company generated consolidated revenues of US $29 billion in the fiscal year ended March 31, 2024, and is listed on the BSE and the NSE in India. TCS' proactive stance on climate change and award-winning work with communities across the world have earned it a place in leading sustainability indices such as the MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit TCS media contacts: Corporate Communications & India Email: Email: Email: North America Email:
