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    Software-Defined Vehicles Will Create a More Than $650 Billion Value Potential for the Auto Industry by 2030

    OEM Revenues from Automotive Software and Electronics Will Grow Nearly Three-Fold Between Now and 2030, from $87 Billion to $248 BillionThe Supplier Market for Automotive Software and Electronics Will Nearly Double, from $236 Billion to $411 BillionAs Cars Become Tech Products, Automotive and Technology Companies Must Prepare to Partner with Each Other Across Industries and Regions to Unlock the Benefits of Scale and Speed-Up the Transition to Software-Defined VehiclesNew Report from World Economic Forum and BCG Provides Insights for Industry Leaders to Jointly Fast-Track this TransformationBOSTON—The automotive world is undergoing a radical change, in which two completely different industries—automotive and tech—are rapidly merging, providing the industry with its most challenging transformation in over a century. This is marked by a shift from internal combustion engines towards electric vehicles (EVs) and a shift from vehicles that are almost exclusively mechanical machines to ones with increasingly complex software-defined systems.
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    The Green Energy Transition Must Happen Roughly Three Times Faster than Previous Fuel Transitions to Maintain a Livable Planet

    There Is a $18 Trillion Investment Gap to Finance the Transition Through to 2030The Economics of Our energy Systems Will Fundamentally ChangeInvesting in Low-Carbon Energy Can Improve Energy Sustainability, Affordability, and SecurityBOSTON—Renewables and other low-carbon solutions must ramp up from 12% of the energy supply in 2021 to 50%-70% by 2050, according to industry standard models, to limit global warming to 1.5°C above preindustrial levels. This is around three times faster than previous transitions, for example to coal and to hydrocarbons. These are among the findings of a new publication released today by Boston Consulting Group (BCG) Center for Energy Impact, titled The Energy Transition Blueprint.