Stefan Hartung, chairman of the board of directors of Bosch, and the other board members at the annual conference on financial results in Stuttgart, reiterated that "electromobility is now a reality, but it remains to be understood how quickly it will arrive in various parts of the world." According to estimates by the German innovation and services giant, approximately 71% of all new cars (including light commercial vehicles) in Europe will be totally electric by 2030. According to Bosch estimates, there should be 48% of BEV models in 2030, with 31% of ICE also being 48 Volts and 21% of plug-in hybrids.
In the United States, however, the situation should be slightly more oriented towards full electric compared to China. The company has made and is making strategic decisions to meet market needs but also to support future growth, says Hartung. The Mobility business sector remains Bosch's main business with revenues of 56.3 billion euros in 2023.