Bosch, as one of the largest suppliers of automotive components, released a few bold statements at the Car Symposium in Bochum, Germany.
First is that low oil prices will not change the growing pace of powertrain electrification.
The German company expects that hybrid powertrains will become the standard for SUVs (we think that plug-in hybrids will represent a significant portion). Bosch further adds that out of all new cars built worldwide by 2025, at least 15% will feature hybrid powertrains (at the very least, meaning PHEVs or BEVs could make up a significant portion of that 15%)..
The most important forecast put out by Bosch is on battery prices – by 2020 half the cost and double the energy density!
This should trigger electric car sales growth to allnew levels.
Bosch is developing charging stations and a connectivity system. In Germany, 80% of charging points are running on Bosch’s software platform.