MARKET OUTLOOK FOR HYBRID AND ELECTRIC VEHICLES BY 2027(1) A fast-changing market BEV Hybrid and plug-in hybrid (1) Source: S&P Global Mobility LV Powertrain Forecast, February 2026. Accessibility Decarbonized mobility: a matter of accessibility The transition to a decarbonized economy is accelerating. The large-scale roll-out of electric vehicles continues to grow, while hybrid solutions are becoming more popular. To meet demand, new players in the mobility sector are developing more affordable offerings. Long-standing manufacturers, meanwhile, are tailoring their production strategy and their portfolio of car models. In Europe, governments are actively supporting this transformation through measures such as social leasing, retrofitting subsidies in France, and the reintroduction of subsidies for vehicle purchases in Germany in 2026. In China, the end of substantial state support for the electric car industry in 2025 has led to a new chapter, with Chinese manufacturers now looking to conquer the global market. The future of mobility will be more diverse. All over the world, it is becoming more sustainable, innovative, and inclusive, offering everyone the opportunity to enjoy freedom of movement. Regionalization Local presence: a strategic advantage After several decades of economic interconnection, rapid regionalization is reshaping every aspect of the automotive sector, beginning with consumer preferences. In China, connected urban vehicles are increasingly popular with users. In North America, SUVs and pick-ups are still the norm. New customs and trade restrictions and differences in regulations are prompting manufacturers and equipment suppliers to invest in production facilities closer to their markets. Europe continues to implement strong regulations, while the United States and China are accelerating their technological transition, with increasingly innovative local production. Regionalization has also led to changes in supply chains. For automotive manufacturers and their ecosystem, this new environment presents both challenges and opportunities: they must capitalize on growth wherever it occurs and create more personalized offerings which are tailored to local specificities, all while maintaining the competitive performance of their industrial model and ensuring innovation. Consequently, tomorrow’s mobility will be closer to markets, more agile, and more focused on consumers’ expectations. NORTH AMERICA 8% 22% EUROPE CHINA 32% 27% 24% 28% 12 | for you, we’re transforming mobility
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