Source page: McKinsey & Company
Commentary
On the road again
Mobility | Automotive
April 4, 2024 – The mobility sector is in the midst of a transformation, as the industry explores new technologies such as AI and consumers increasingly shift their preferences toward electric and shared vehicles. Investment in the sector shrank by 44 percent in the first quarter of 2023, compared with the first quarter of 2022. But senior partner Philipp Kampshoff and coauthors find that funding gained new momentum in the last quarter of 2023 and into 2024, led by companies that specialize in electrification, especially batteries, followed by those that focus on autonomous vehicles.
To read the article, see “Spotlight on mobility trends,” March 12, 2024.
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Visual form
Multi-panel bar chart.
Layout / body structure
The chart is split into two side-by-side charts. The left panel shows disclosed investment by mobility segment over six quarters, and the right panel shows the number of mobility deals over the same period, so the reading order is left chart first and right chart second.
What is being compared
It compares quarterly investment in mobility by segment and the number of deals investing in mobility over time.
Measurement system
The left panel is measured in billions of dollars and uses stacked bars for digital, connected, shared, autonomous, and electrified segments. The right panel is measured in number of deals and uses simple vertical bars labeled with exact counts.
Visible structure inside the graphic
Six stacked quarterly bars sit on the left, showing how the composition of mobility investment changes from Q1 2022 through Q2 2023. On the right, six gray bars show the quarterly deal count, descending from the highest early reading to lower levels later in the series.
Main takeaway from the visual
The visual shows a weak first quarter for 2023 followed by a second-quarter rebound in investment, even though the number of deals stays below the earlier 2022 peaks.
Key standout values or extremes
Deal count starts at 456 in Q1 2022 and falls to 255 by Q2 2023. On the investment side, Q1 2023 is the low point in the latest stretch, and Q2 2023 rebounds sharply with a much taller stack driven by a larger electrified segment.
Controls / sequence, when applicable
This is a static chart image with no in-chart controls to operate.
Companion media, when applicable
There is no separate companion audio or video; the chart image is the full visual on this page.