Automotive

The rise of connected, electric and autonomous vehicles is set to supplant the century-long dominance of the petroleum-powered internal-combustion engine. Combined with the need to integrate sustainability into their operations, navigate supply chain issues and cope with inflation, cost changes and availability of labour, the automotive industry is undergoing a seismic shift—and everyone will be impacted, from OEMs and suppliers to dealerships and gas station chains.

Auto manufacturers have made significant capital commitments to the production of electric vehicles to meet the federal government’s target of shifting to zero-emission light-duty EVs by 2035. But there’s significant work to be done in building out this infrastructure to make EVs on Canadian roads a reality—and ensure Canada has enough clean power to support these vehicles. Sweeping structural change is coming, and new competitors and value chains are emerging.

While the automotive industry was shaped by engineers and mechanics, in the future it will be shaped by computer scientists. Some jobs will be eliminated, but connected, electric and autonomous vehicles will require new skillsets and create new jobs. While there are many challenges on the road ahead, there is also enormous potential in the automotive sector to develop more sustainable, safer modes of transit, as well as new mobility-as-a-service offerings.

Whether you’re an automotive OEM, component manufacturer or supplier, energy or utilities company, dealership or other industry player, KPMG’s cross-functional capabilities and breadth of services can help you navigate this rapidly evolving Automotive industry trends—from the role of digital transformation for supply chain visibility and transparency, to strategic partnerships, workforce readiness and compliance with new regulations, such as ESG.

Our automotive practice is made up of professionals who have extensive industry experience and understand the issues and the complexities of the market. Through our global network and dedicated infrastructure and Future Mobility practices, we bring together audit, tax and advisory professionals to help our clients meet today’s challenges and the future mobility revolution. Here are just some of the services we offer on the issues that matter most to you

• Business operating model structures
• Consumer trends
• Emerging market companies
• Enhancing operational efficiencies
• Evolving distribution channels
• Market entry and expansion

• Mergers and acquisitions (M&A)
• Plant locations, closures and relocation
• Private equity investment
• Reporting and regulation
• Sustainability and the environment
• Supply chain and procurement