
Top 4 trends to impact Automobile Industry in the future
In the last 2 posts, I have talked about the history of the Automobile!!!
Now Let's talk about the future of the Automobiles ๐๐ต๐
There is a rapid change going on continuously in the Automobile Industry in the last few years. The GOI focusing on electric based automobiles & ๐ง๐๐ฆ๐๐ becoming the world's most valuable carmaker, overtaking ๐ง๐ผ๐๐ผ๐๐ฎ are some prime examples of it.
Let's see on 4 trends which will impact the Automobile industry in the near future:-
๐๐น๐ฒ๐ฐ๐๐ฟ๐ถ๐ณ๐ถ๐ฐ๐ฎ๐๐ถ๐ผ๐ป: To reduce dependency on oil, the government is encouraging the manufacturing of electric vehicles & public transport such as buses and taxis.
๐๐๐๐ผ๐ป๐ผ๐บ๐ผ๐๐: There is research going-on on automobiles that will not require human interaction but purely use AI, ML & IIOT for movement. Tesla is continuously working on it & in the near future, we may see such cars on roads.
๐๐ผ๐ป๐ป๐ฒ๐ฐ๐๐ฒ๐ฑ: This will happen in various ways between cars, traffic infrastructure, & automobile occupants.
๐ฆ๐ต๐ฎ๐ฟ๐ฒ๐ฑ: Vehicles will be provided as service on-demand & people wouldnโt have to invest substantial money into owning a car. Many shared car services have already sprung up such as #Uber, #Ola, #BluSmart, etc.
What are your thoughts?