CAR MBS 2020: DAY 2 AFTERNOON RECAP

EV Channels Review

This Autoline recap of CAR's MBS 2020 virtual event focuses on two key sessions: the evolution of mobility partnerships and the automotive industry outlook. The first session highlighted the growing role of startups and venture capital in autonomous technology, particularly for the trucking industry, with companies like Locomation pioneering solutions for heavy-duty logistics. It also touched upon the surprising involvement of government in funding and the geographical differences in capital investment between the US and Europe. The second session, 'Automotive Outlook,' presented a mixed but generally positive forecast. While acknowledging the significant capital expenditure required for electrification and automation (estimated at over $50 billion annually), analysts suggested a quicker recovery than initially feared, with strong sales in pickups and utilities, and low used car inventory bolstering new vehicle sales. However, concerns remain about the flow of capital, with Wall Street favoring new, often unprofitable, startups over traditional automakers. The discussion also noted potential shifts in vehicle demand due to increased remote work, favoring CUVs/SUVs over sedans, and the likelihood of product launch delays due to resource constraints.