Changing Technology on Automotive

Introduction

The automotive industry is undergoing a significant transformation due to technological advancements. These changes are reshaping how we think about transportation, vehicle manufacturing, and aftermarket services. Let’s explore some key trends and their implications:

Diverse Mobility

• Shared mobility services, connectivity, and feature upgrades are expanding automotive revenue pools. New business models could add up to $1.5 trillion in additional revenue potential by 2030¹.
• Cars are becoming platforms for consuming media and services during transit, driven by connectivity and autonomous technology.

Autonomous Driving

• Self-driving cars are on the horizon, promising safer and more efficient transportation.
• As autonomous technology evolves, cars will require upgradability to keep pace with innovation.

Electrification

• Electric vehicles (EVs) are gaining popularity, reducing reliance on fossil fuels.
• EVs contribute to sustainability and lower emissions, but infrastructure challenges remain.

Connectivity

• Connected cars enable real-time data exchange, improving safety and convenience.
• The car as a platform allows passengers to engage in various activities during their commute.

How Technology Impacts Jobs and Emissions

• Job roles are shifting within the industry due to automation and digitization².
• While technology enhances convenience, it also contributes to rising carbon emissions that need addressing.

Sources:

• McKinsey: Disruptive trends that will transform the auto industry
• MIT Technology Review: Modernizing the automotive industry
• TMCnet: Chris Orsaris Explains How Technology Has Impacted The Automotive Industry

Feel free to explore these sources for more in-depth information. If you have any further questions, feel free to ask! 😊