CAR MBS 2020: DAY 1 MORNING RECAP

EV Channels Review

This AutoLine recap of CAR's MBS virtual event covers two key sessions: trade and electrification. The trade discussion, featuring experts from CAR, Autos Drive America, and Bloomberg News, highlighted the complexity of the USMCA agreement, emphasizing compliance challenges for automakers and suppliers, particularly concerning labor and regional value rules. While marginal gains were noted for the US, opportunities exist in EV and automated vehicle components. The session also touched on the ongoing US-China trade tensions, predicting continued friction regardless of the US administration. The electrification session, with representatives from Volkswagen and ZF, confirmed the industry's commitment to EVs, moving beyond mere compliance cars to desirable products. However, a significant question remains about US customer adoption. The discussion also noted Europe's strong EV market, contrasting it with the US and China, and highlighted the role of racing, like Formula E, in pushing EV technology and durability. The need for manufacturing modernization and the US lagging in electrification development were also key points.