The automotive industry is racing toward a new world - driven by sustainability, changing consumer behaviour, encompassing electric vehicles, connected cars, mobility fleet sharing and onboard sensors. New business models could increase the automotive revenue by 30%, adding up to $1.5 trillion by 2030. Stricter emission regulations, lower battery costs, more widely available charging infrastructure, and increasing consumer acceptance will create new and strong momentum for the electric car industry. The Indian auto industry is said to be the largest in the world and it increases the economy in the country.
The Electronic Vehicle (EV) market has shown dynamic growth and will reach a tipping point in the coming years. There have even been plans for E-rickshaws! Henry Ford’s revolutionary ideas for affordable cars opened a new world for drivers. Companies like Ford, General Motors and Chrysler are losing their competition from Japan and China as people are more interested in buying electric vehicles over the vehicles that run on fuel and because of this, Tesla continues to grow its revenue along with its customer base. Tesla, with its excellent electric cars, is now making the world a greener place.
The cars are becoming smarter with voice assistance, monitors, added comfort and auto drive. Most cars do not move 90% of the day and in the future, there might be more public transport than private cars. The cities will become smarter and the infrastructure will be more developed. So the entire car world and the transport industry are going to change for the better in the coming years.
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