Enterprise Resource Planning (ERP) Software Category Is Estimated To Move Ahead At A Cagr Of 11%Posted by rahul nikade on May 23rd, 2024 Enterprise Resource Planning (ERP) Software Procurement Intelligence In this Electric Vehicle procurement intelligence report, we have estimated the pricing of the key cost components. Vehicle cost, Financing, Insurance, Purchase Taxes, Annual Registration Fee, Maintenance and Other costs. The other costs typically include home charger cost, electricity purchase, liquid fuel purchase, liquid fuel tax and electricity tax. Vehicle cost alone constitutes 49% of the total cost of ownership. Since the EVs utilize Lithium-ion batteries to run the electric motors, the cost of these batteries are very high and hold 45 - 50% of the total vehicle’s cost, which results to the higher price of every unit. Maintenance costs of an electric vehicle is 5 - 5 lesser in comparison to ICE vehicle if it used as per the maintenance guidelines outlined by the manufacturer. Order your copy of the Enterprise Resource Planning (ERP) Software category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis Operational Capabilities - Enterprise Resource Planning (ERP) Software
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Rate Benchmarking The prices of electric vehicles vary by several factors such as the type of vehicle (i.e. battery electric, hybrid, etc.), brand & model, type of battery, powertrain, driving range, etc. The base price (MSRP + DST + Tax) of an all-electric vehicle would start as low as USD 19,900 and will go up to USD 251,000 for the most expensive pick. Regionally, EVs are less expensive in China as compared to U.S. or European nations. For instance, in China, the average price of EVs were €66,500 during 2015-16. This has now got reduced to €31,500 in 2023-24 which is a decline of 6.9% over the past 7 years. Whereas prices of EVs has increased by over 12.4% and 16.9% in U.S. and Europe, respectively over the same timeframe. Key reasons for EVs being more economical in China include lower cost of production, intense competition among local OEMs and government incentives. Supplier Newsletter In June 2023, General Motors has announced that it had acquired Israel-based battery software startup ALGOLiON Ltd. This acquisition will help General Motors to integrate its electric vehicles with a system to identify abnormalities in performance of batteries, to prevent risks such as thermal runaway propagation occurrences. In February 2023, Apollo Future Mobility Group announced acquisition of WM Motor Global Investment Limited. Apollo Future Mobility Group is strategizing to prioritize its smart EV business and looks forward to strongly hold its position as a leading mobility services provider. This acquisition will support the group to expand the business by releasing its next generation concepts and achievements in technology research and development to the market. In August 2022, BorgWarner Inc. has announced the acquisition of an EV charging solution provider Rhombus Energy Solutions. This acquisition will support BorgWarner with technology that will enable it to expand its EV portfolio in Northern America and will also enhance its European charging operations. In addition, it will boost its position in the market for electric vehicles. The company is concentrating on supporting a few essential components of the infrastructure for electric mobility, such as charging, in addition to providing cutting-edge technology for electric drivetrains. List of Key Suppliers
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