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A new breed of car financing: Feature bundles and embedded services

by curator | May 24, 2023 | Business, McKinsey Insights & Publications

This post was originally published on this siteThere is a widespread belief that offering additional features, such as vehicle swaps, in auto financing is a marketing stunt because customers prioritize affordability over everything else. To test this assertion, we...

The new automotive mandate: Moving from building products to building businesses

by curator | May 15, 2023 | Business, McKinsey Insights & Publications

This post was originally published on this siteAutomotive incumbents and their suppliers need to develop new growth opportunities to fend off innovating...

What Norway’s experience reveals about the EV charging market

by curator | May 8, 2023 | Business, McKinsey Insights & Publications

This post was originally published on this siteIn December 2022, more than 80 percent of new cars purchased in Norway were electric. What can we learn from the country’s experience scaling its charging infrastructure to meet this...

Full speed ahead: The automotive sector’s resilience imperative

by curator | May 3, 2023 | Bronze, Coaching, McKinsey Insights & Publications

This post was originally published on this siteThe automotive and mobility sector is no stranger to change. Over the past 20 years, it has navigated a wave of disruptions from bankruptcies to rapid shifts in consumer demands and fast-growing electric-vehicle entrants....

Built for purpose: EV adoption in light commercial vehicles

by curator | Apr 28, 2023 | Business, McKinsey Insights & Publications

This post was originally published on this siteIn less than a decade, electric vehicles (EVs) have gone from a niche product to the nearly inevitable choice for tomorrow’s automotive players. Light commercial vehicles (LCVs), such as panel vans and minibuses, are...
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