Five trends transforming the automotive industry

Five trends transforming the automotive industry

The mobility of the future is “eascy” – electrified, autonomous, shared, connected and “yearly” updated. In this study, we describe the factors influencing the sector leading up to 2030 in the key US, Europe, and China markets. It also describes how the automotive industry should restructure itself in terms of volume, scale, and complexity.

Through mathematical modeling of key performance indicators and demographic trends, the paper discusses:

• Mobility behaviour of users through social personas and how they could influence traffic demand;
• External factors that will influence mobility habits, vehicle mileage and frequency of usage;
• Predictions of car inventory, replacement cycles and new sales; and
• Implications for manufacturers, suppliers, service providers and their business models. 

'eascy'

Electrified – the transition to emissions-free mobility will become a global requirement. Electricity used to charge vehicles will increasingly come from renewable sources to ensure carbon dioxide-neutral mobility.

Autonomous - The development of vehicles which require no human intervention will reduce the use of public mobility platforms and offer individual mobility to new user groups.

Shared – Professionally managed fleets of shared vehicles will reduce the cost of mobilty by a significant amount through more efficient use of expensive mobile assets.

Connected – This applies in two ways: communication between cars or with traffic management infrastructure or between vehicle occupants and the outside world. The car of the future will become a “third place” between home and workplace, combining features of both. 

‘Yearly’ updated – The range of models will be updated annually to integrate the latest hardware and software developments, and react to changing requirements of shared fleet buyers.

Read more : https://www.pwc.nl/en/publicaties/five-trends-transforming-the-automotive-industry.html