Logan Marshall Green Business

Major world leaders in the automotive industry, polled in a survey conducted by KPMG, believe that overcapacity and overproduction of vehicles worldwide are still a very relevant for the sector. This is one of the main conclusions of the 13th annual edition of the KPMG study on automotive for which interviewed 200 senior-level managers worldwide.

More than half of respondents expect that China is the oversized country in 2016. In fact, the Chinese government last week announced that it will no longer prevail, as has been done until now, foreign investment in the automotive sector, to understand that the production of vehicles is very high in the country. According to OICA, the global association of automobile manufacturers, China produced in 2010, 18.28 million units between heavy and light vehicles.

Consultant’s report also includes the automotive world experts understand that there will be a settlement of the electric vehicle with significant market shares around 15%, until 15 years. However, Asian managers, especially Chinese and Japanese, are committed to greater penetration of electric vehicles on the continent in 2025, with market shares of up to 25%.

By contrast, in the case of the U.S. are more skeptical and forecasts suggest that the electric vehicle registrations reach a maximum of 10% over the period of 15 years.