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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 ๐Ÿš•๐Ÿ›ต๐Ÿšš

There is a rapid change going on continuously in the Automobile Industry in the last few years. The GOI focusing on electric based automobiles & ๐—ง๐—˜๐—ฆ๐—Ÿ๐—” becoming the world's most valuable carmaker, overtaking ๐—ง๐—ผ๐˜†๐—ผ๐˜๐—ฎ are some prime examples of it.

Let's see on 4 trends which will impact the Automobile industry in the near future:-

  1. ๐—˜๐—น๐—ฒ๐—ฐ๐˜๐—ฟ๐—ถ๐—ณ๐—ถ๐—ฐ๐—ฎ๐˜๐—ถ๐—ผ๐—ป: To reduce dependency on oil, the government is encouraging the manufacturing of electric vehicles & public transport such as buses and taxis.

  2. ๐—”๐˜‚๐˜๐—ผ๐—ป๐—ผ๐—บ๐—ผ๐˜‚๐˜€: 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.

  3. ๐—–๐—ผ๐—ป๐—ป๐—ฒ๐—ฐ๐˜๐—ฒ๐—ฑ: This will happen in various ways between cars, traffic infrastructure, & automobile occupants.

  4. ๐—ฆ๐—ต๐—ฎ๐—ฟ๐—ฒ๐—ฑ: Vehicles will be provided as service on-demand & people wouldnโ€™t 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?

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