All change: Here’s how financial services firms can keep pace with the fast-moving mobility sector

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Corporate Value Associates

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04/09/2023 Article

A new generation of mobility services is upending the traditional automotive industry. Specialists from financial services firms reveal how best to navigate the risks and opportunities on the road ahead.

At the flick of a switch the value of the electric car parked in your garage soars.

Your pride-and-joy is transformed into a powerful autonomous vehicle. It’s worth far more than before. And all that was needed was a simple software upgrade.

Throughout the world the process is repeated. Millions of electric vehicles can now drive themselves. Their value goes through the roof.

“We could witness the biggest asset appreciation in history,” says Jakob Böhme, Head of EMEA markets and credit at Tesla. “Suddenly, these cars would be worth much, much more.”

The surge in asset value forecast by Böhme would certainly be good news for owners of electric vehicles. Although it’s still too early to know when such an upgrade might happen. 

But what about banks, insurers, leasing companies? How will financial services firms manage sudden swings in the value of the assets they finance, protect and oversee?

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