Nowadays, a car is not just a means of transport it is part of our life, it’s not like you are smelling roast turkey while driving but a car has received several meanings. The auto industry is undergoing a revolution, and the key is to get ahead of everyone. You are all probably aware that the automobile world is not like before where by a car was just a vehicle through which road users automatically reach place A to B. Automobile industry trends now include invention, sustainability, and preference. These are now vehicles for the electrified world.
With the industry on the rise, electric cars and autonomous driving are already an essential thing and companies do their best to keep pace with the new changes. It’s time to talk about the hottest trends in the car sector that lead to the future of cars and beyond. Let’s look at the technology advances, changes in people’s behavior and their care for the environment as the key factors that today’s cars are based on and the ones in the future will be.
- The Rise of Electric Vehicles (EVs)
Currently, the most considerable impressive point in the car market is the astronomical increase of electric vehicles (EVs). Nevertheless, the fact is that gasoline-powered cars dominated the roads for decades, but with the environmental issues accumulating and the rapid increase in the availability of new technology the transition to electric power is also made at an accelerated speed.
All governments across the world are promoting the use of renewable energy, and the provision of new automotive electric models is already well on its way. Tesla, the leading company in the domain of the EV market, is the one who is at the top, with regular car producers such as Ford, GM, and Volkswagen following behind. A lot of companies have already signed a statement to outphase ICE fully over the next 10 years, this is a clear sign that the car powering technology has changed a lot in this decade.
Why is this change happening, though? Some of them areas follows:
a.Environmental concerns: The world is becoming more aware of climate change today and the fact that the need for sustainability is now more urgent than ever. EVs do not release exhaust pipes, that can cause much pollution and they don’t leave much of a carbon footprint behind either meaning that our planet is less vulnerable to the harmful effects of he environmental load we have carried up to now.
b.Government policies: Almost every country has its policies, for example, tax breaks or other financial facilities to their citizens to buy electric vehicles. 2035 is the year that many cities are thinking of not allowing the sale of traditional gasoline-powered vehicles.
c.Lower costs: Electric cars, which were considered a privilege some time ago, are now accessible to the masses because of technological advancements and the vehicular industries. Additionally, the cost of maintaining an electric vehicle is generally lower as it is a simpler vehicle, so there are fewer moving parts to recover.
E-cars will become even more fashionable as battery technology advances and enlarges it. Along with the enlargement of charging stations and other infrastructure, it will most likely lead to the increase of the EV market.
- Autonomous Driving: A Self-Driving Future?
The automobile industry also has the time of its life, now that the development of unmanned vehicles—the autonomous vehicles that can ride without the human’s assistance—begins. Today, although unique self-driving cars are not available in every place, some like Waymo, Tesla (TSLA), and Lyft, have made significant advancements in the technology sector.
There are different levels of autonomous driving, starting from Level 1, which has the driver totally in control but still enabling him to use the comfort of certain software features, such as cruise control, to Level 5, where the car acts on its own without any assistance from a human. Currently, cars on the market in most of the countries fall in the categories of Level 2 (partial automation) and Level 3 (conditional automation) where the car can handle certain maneuvering tasks but the driver is still responsible for safety.
Why is autonomous driving gaining so much attention?
In the age of autonomous vehicles, the issue of safety is a key element. This could be done by the fact that the majority of traffic accidents are due to mistakes made by a human who accounts for 94% of the road crashes. By employing sensors, cameras, and AI software, these vehicles are capable of detecting potential danger faster and with more accuracy than a human driver would.
- Shared Mobility and Caret Subscriptions
The way we look at car ownership has been changing as well. While car ownership used to be associated with freedom and trustworthiness of many a car owner over the last hundred years it now appears that an increasing number of people realize that Better cars in the city because they are with every day and they do not feel that they own them at all. Sharing the function of a city-of aggregate demand-means a lack of transport rigidity. Consumers are often much better off financially if they shared car services instead of owning one. A shift in the view of transport in general and the imply new solutions to urban traffic problems need to be addressed.
Nowadays people are not only interested in car-sharing but are looking to buy monthly passes as well. As opposed to acquisition, customers can get a car“subscribed” to them for a monthly schedule and include maintenance, insurance, and car switch. Also, these companies are against the tide of the classic ownership pattern of automobiles. For instance, Made by Tesla, Not For You offers services such as turnkey ownership for those who are not yet able to afford a car because of new or existing shared mobility models.
What are the reason that over the shared mobility and subscription services trends are growing?
Cost: The high cost is the reason that makes living with a car a lot other things. Not sharing car and subscription-based services are an easy, quite cheap, and flexible choice in the pricing context.
Convenience: In cities where public transportation is almost everywhere, many people discover that <= they don’t own a car for everyday use. They can use a ridesharing service or share a car when they need it, instead of having to worry about the maintenance of a car.
Sustainability: Fewer cars on the road equals less traffic jam and possibility of less pollution which makes short-term effect environmentally sustainable.
As long as the commuting trend is around, the shared mobility sector engagement would definitely go up.
- Connectivity: The “Smart” Car
Cars are getting more internet-connected than ever and there is no sign that this trend would ever decline. Connected cars are intelligent cars which use Internet connection to send and receive information from other devices (for example smartphones), other cars, infrastructure (for instance traffic light).
The fast-growing necessity for built-in infotainment systems, GPS navigation, and smart car functions that are internet-based is already defining the automobile industry. Some of the new cars are provided with their own Wi-Fi service, touchscreens and voice-assistant features. Manufacturing automation allows carmakers to fix existing problems and introduce new features to cars via wireless updates without visiting dealerships.
- Sustainability and Green Manufacturing
The idea of sustainability in the motor sector has now turned out to become more prominent and today it can definitely be said to be the primary impetus behind the main changes taking place in the industry. Vehicle manufacturers experience a constant rise in the demand for their products and, as a result, they are compelled to mitigate their carbon footprint and include sustainable practices.
These are no longer the only clean-energy cars. In addition to producing electric vehicles, carmakers are also interested in producing goods that have a longer life-cycle and at the same time, lowering operational costs by using renewable energy sources, reducing the volume of material to be processed and less material being moved to facilities, while conserving natural resources in the process such as water, minerals, and fossil fuels. With BMW, for instance, there are several projects for reducing the carbon gas emissions.
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