New Delhi, July 26 -- Rising affordability concerns, growing interest in electric vehicles and advanced technologies, and changing mobility preferences are reshaping the global automotive and transportation landscape, according to a recent report by McKinsey.

The report was based on a survey of more than 20,000 mobility users across China, Germany, Japan, the United Kingdom and the United States.

McKinsey said in its report that financial pressures are increasingly influencing vehicle purchase decisions. Around 32 per cent of respondents said they plan to postpone their next vehicle purchase because of financial constraints, while 45 per cent said they would consider buying a smaller vehicle than originally planned to remain within budg...