How are manufacturers adjusting to declining demand for internal combustion engine vehicles Changes to the footprint of engine production and sourcing patterns

Key Points

• This research explores how manufacturers are adapting to the decreasing demand for internal combustion engine vehicles.
• Analyzed changes in production strategies among manufacturers
• Examined sourcing patterns for raw materials
• Investigated shifts in manufacturing locations
• A significant reduction in production of internal combustion engines is observed
• Manufacturers are diversifying their product lines towards electric vehicles
• The sourcing of materials has become more localized to reduce costs

Abstract