Amidst all the major transformations that are happening in the world, no industry is changing faster than the automobile industry. The smartest minds in IT have teamed up with automakers the way we drive these days.
Amidst all the major transformations taking place worldwide, no industry is changing faster than the automotive industry. From the development of electric vehicles to the advent of self-driving cars, many events are forcing manufacturers to reinvent their business and completely reconsider the idea of mobility.
If you aren't a car enthusiast or work in the business, you might not be aware of the technological breakthroughs made in the automotive industry time after time. Some of the most brilliant minds in the IT world have teamed up with automakers to change the way we drive these days.
We can expect some significant changes in this industry in the coming few years. Keep on reading this post to learn what the future of the automotive industry will look like.
Top Future Trends in the Automotive Industry
Digital Buying and Dealing
The concept of selling automobiles online came into effect during the coronavirus outbreak and is expected to spread even more in the near future. Although visiting the dealership storefronts and test drives were once a core aspect of buying a car, more and more people have shifted to online shopping owing to the lockdown restrictions. Instead of going with the dealer's recommendation, automobile buyers can easily compare different car models and specifications. Today dealerships are attempting to normalize the online purchase of vehicles by providing features such as photo galleries, videos, comparison tools, finance calculators, secure checkout, return policies, and much more.
Environment Protecting Cars
The increased price of fossil fuels and the environmental damage induced by their consumption has shifted the automobile industry's interest in electric cars. Cars account for almost 15% of the carbon emissions, depleting valuable fossil fuel supplies and posing the risk of severe environmental damage. On the other hand, electric cars resolve the issues by enhancing energy efficiency and reducing the consumption of fuel. With electric car manufacturers addressing issues of high cost, low battery life, insufficient charging facility, and renewable energy-based charging, more and more people will adapt to this technology in the times ahead.
Autonomous Cars based on AI
The automotive industry has taken a leap with the invention of AI-based autonomous vehicles. Self-driving cars that use artificial intelligence have taken the traveling experience to another level. Autonomous vehicles do not require human drivers and rely on detectors and software to navigate and control them. Autonomous cars aim to eliminate the need for human intervention and help make travel more convenient. According to reports, there are currently thousand plus self-driving cars already running on the road in the United States. This number will increase rapidly in the future as the number of people who trust autonomous vehicles is constantly rising. A leading company like Tesla has already set a bar, making self-driving cars more reliable and friendly.
Supercomputer on Wheels
Digital revolution and interconnectivity are two significant developments that are reshaping the future of the automotive industry. With the 5G technology coming into existence, you will see your cars turning into a walking supercomputer in just no time. Cars will be able to connect with all road networks, including vehicles on the road and the traffic lights, over wireless networks. Wouldn't it be wonderful if your car could advise you on the traffic on the lane and the best route and speed to drive on? Intelligent traffic systems will be created using cutting-edge software that will send real-time notifications to drivers to prevent crashes, perform traffic monitoring, offer vehicle diagnostics, and much more.
Businesses that combine innovative ideas with environmentally friendly technologies will ultimately be regarded as leaders in the automotive industry. Start preparing to adaptFind Article, innovate and invest resources into the latest automotive trends to stay ahead of the competition in the near future.
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