2025: The Year of Electric Vehicles – Key Insights from TCS Future-Ready eMobility Study

As the world inches closer to a sustainable future, electric vehicles (EVs) are poised to take centre stage in 2025. Tata Consultancy Services (TCS) recently unveiled its Future-Ready eMobility Study 2025 at the Detroit Auto Show, highlighting significant trends, challenges, and opportunities in the EV ecosystem. With 64% of global consumers likely to consider EVs for their next purchase, the study presents a compelling snapshot of the future of mobility.

This study surveyed over 1,300 anonymous respondents across North America (USA, Canada), the United Kingdom & Ireland, Continental Europe (Belgium, Denmark, Finland, France, Germany, Netherlands, Norway, Sweden, Switzerland) and APAC (China, India, Japan, ANZ). The respondents for the survey included transport manufacturers, charging infrastructure players, fleet adopters, consumers and EV adoption influencers.  

The share price of TCS was trading 0.52% lower as of 11:01 AM on January 14, 2025.

Growing Consumer Interest in EVs

According to the survey, over 6 out of 10 consumers are inclined towards EVs for their next vehicle, driven by sustainability and operational cost savings. Among US consumers, the likelihood is even higher, at 72%, whereas in Japan, it is notably lower at 31%. Despite this enthusiasm, the lack of charging infrastructure and concerns about battery performance remain critical challenges.

Sustainability: A Mixed Perspective

While environmental sustainability is a major motivator for EV adoption, perspectives on its environmental impact are varied. About 48% of EV influencers believe that the environmental benefits of EVs are offset by their carbon footprint during production. Commercial fleet operators, however, view EVs positively, citing lower operational costs as a key driver.

Technological Advancements and Investments

The study underscores the critical role of innovation in battery technology. Key findings reveal that:

• 90% of EV manufacturers and 84% of influencers believe advancements in battery technology will significantly improve EV range and charging speed.
• 55% of manufacturers are investing in research and development for battery advancements.
• 78% of manufacturers are focused on reducing vehicle costs to cater to rising demand.

Charging Infrastructure: The Biggest Hurdle

The lack of a robust charging infrastructure was cited as the biggest obstacle to EV growth by 74% of manufacturers. However, 72% of players in the EV charging sector anticipate significant mergers to address financial and scaling challenges.

The Future of Electric Mobility

The TCS study provides insights into the transformative potential of electric mobility. It emphasises the importance of collaboration, technological innovation, and sustainability to accelerate the shift to EVs. TCS itself has played a pivotal role in this journey, contributing to battery management systems for over 500,000 EVs and establishing EV charging infrastructure in 75+ countries.

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