Timo Möller - head

In his leadership role at McKinsey’s Center for Future Mobility, Timo focuses on strategic questions about the critical disruptive trends affecting the automotive industry: the connected car, autonomous driving, electrification and shared mobility. He has led numerous McKinsey research projects, including Automotive Revolution 2030, Future of Mobility and Monetizing Car Data. In addition, he has deep operations experience, specifically in procurement and product development.

---

Presentation

The decarbonization opportunity for the mobility sector

By 2035, the largest automotive markets will go electric. We believe Europe – as a regulations-driven market with positive consumer demand trends – will electrify the fastest and is expected to remain the global leader in electrification in terms of EV market share. In addition to the European Commission target, which requires around 60% EV sales by 2030, several countries have already announced an end to ICE sales by 2030. Electrification will cause a major shift in the entire automotive value chain. In line with EV uptake, the buildup of charging infrastructure needs to accelerate to avoid becoming a potential bottleneck and limiting consumer-driven EV adoption. We estimate the industry needs to install more than 15,000 chargers per week by 2030 within the European Union. Consequently, the grid must be enabled in parallel. EVs are poised to command on average more than 5% of electricity demand in 2030 in Europe. It will be important to reduce charging during peak load periods through ‘managed charging’ by controlling charging time, duration and intensity with vehicle-to-grid (V2G) technology as an enabler.