in Automotive News Europe, by Danielle Szatkowski | Automotive News, 06-08-2019
The mature markets of Western Europe, the U.S., Japan and Korea will likely contract in volume over the next five to seven years, Schuster said, which means the industry’s global growth opportunities will rely on emerging markets.
“This leaves countries that are highly volatile — Brazil, Russia, India, Turkey, China — to drive growth globally,” Schuster said. “But right now, many of these countries are in a decline, and that’s a risk to the long-term global market.”
At the same time, more stringent emission regulations, especially in the form of new carbon dioxide requirements in Europe and China, have automakers counting more heavily on sales opportunities in electrification, Schuster said.