Patrick Hertzke is an Associate Partner in McKinsey & Company’s Automotive and Assembly Practice and is based in the Detroit office. He is an experienced leader with a portfolio of strategy, marketing, and product development expertise, and since joining McKinsey, he has worked almost exclusively within industrial sectors, serving: automotive manufacturers, Tier-I suppliers, heavy truck makers, transport companies, and other clients related to industrial manufacturing.
Patrick is a core leader of McKinsey’s Sustainable Mobility Initiative, which develops distinctive knowledge and supports clients in the areas of vehicle electrification trends, emissions regulations, battery technology, and advanced mobility trends.
Prior to joining the Firm, Patrick worked at DaimlerChrysler and later Chrysler LLC serving in strategy, marketing, engineering, and manufacturing roles. Patrick obtained his MBA (with distinction) from The University of Michigan (2012) and MS in Mechanical Engineering from The University of Michigan (2006).
Assessing Global Electric Vehicle Market Dynamics
China’s lead in producing electric vehicles (EVs) continues to grow, as Chinese OEMs made 43 percent of the nearly 875,000 EVs built worldwide in 2016. McKinsey’s latest analysis of the EV phenomenon from a supply and demand perspective assesses the progress that markets are making worldwide in this eco-friendly power play.
As e-mobility moves from concept to reality, understanding its rapidly changing landscape becomes must-have knowledge for automotive players.
The Global Electric-Vehicle Market Is Amped Up And On The Rise
McKinsey latest Electric Vehicle Index (EVI) reveals an expanding market with China firmly in the lead. Europe continues to contribute strongly to the global EV segment, although the US response has faltered for several reasons.
Making Electric Vehicles Profitable
Electric vehicles (EVs) can cost USD 12,000 more to produce compared to conventional gasoline-powered cars with the same features. Conventional wisdom says OEMs will incrementally make their EVs break-even in the long-term. Alternatively, here are some suggestions for accelerating the industry’s push for profitability right now.
Second-life EV Batteries: The Newest Value Pool in Energy Storage
With continued global growth of electric vehicles (EV), a new opportunity for the power sector is emerging: stationary storage powered by used EV batteries, which could exceed 200 gigawatt-hours by 2030.