STAMFORD, CT—During the next few years, legacy and startup automakers will continue grappling with disruptions caused by the electric vehicle evolution. However, by 2027, many next-generation EVs will be cheaper to mass produce than comparable ICE vehicles, claims a new report by Gartner Inc.
“New OEM incumbents want to heavily redefine the status quo in automotive,” says Pedro Pacheco, vice president of research at Gartner. “They brought new innovations that simplify production costs, such as centralized vehicle architecture, or the introduction of gigacastings that help reduce manufacturing cost and assembly time, which legacy automakers had no choice to adopt to survive.