5 trends that are changing the automotive industry

The automotive industry is one of the most important and innovative industries in the business world. Technology drives this industry forwards and continues to make it a hub of creativity and innovation. And it’s this innovation that is making the automotive industry a constantly evolving and changing industry. Here are a few of the biggest trends that are transforming this industry.

Automation

Automation is slowly making its way into every industry in the world, and the automotive industry is no exception. It started with cruise control options, and now full automation is looking like it’ll be a feature of the cars of the future. Soon enough we’ll be able to sit back and relax as our vehicles drive us to our destinations.

Some delivery services are already using driverless vehicles to drop off parcels to their customers, so it won’t be long now until the masses are able to benefit from this new development.

Shared mobility

Carsharing

Traditional ownership of cars will soon be a thing of the past. Many companies are offering carsharing options that allow you to have flexible, partial ownership of a vehicle rather than owning the whole vehicle. This is great for those who need to be versatile with their transport needs, for example, if you have a job that moves you around a lot.

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Convenience is one of the most important things for consumers in today’s market, and carsharing offers just that. The convenience of being able to own a car temporarily, and not having to invest so much money into one is making this option an increasingly popular choice for customers.

Ridesharing

Ridesharing companies such as Uber and Lyft have found significant success in offering their ridesharing solutions. This can be a much more efficient on the company’s end and cheaper for the consumer, so is a great solution in terms of both.

Electric cars

Electric cars have been on the market for a number of years, but were a much more expensive and therefore less accessible option. These environmentally friendly cars are great for the planet but have historically been difficult for drivers. From a lack of electric charging ports to insufficient battery life and limiting horsepower, electric cars are often considered not worth it compared to their more powerful counterparts.

However, with recent advancements in technology, electric vehicles are starting to compete more with traditional fossil-fuel-powered cars in terms of efficiency as well as power. On top of this, as they become more popular options, electric vehicles are becoming more accessible and cheap. In the coming years, together with a rise of eco-conscious consumers, electric cars will rise in use and popularity.

Smart cars

And no, we don’t mean those tiny little two-seaters you see zipping around the streets. Our cars are getting smarter. With top of the line navigation systems, parking assistance and genius self-maintenance software, the cars of tomorrow will be smarter than their drivers. They will provide extremely high levels of assistance and will enrich and streamline the driving experience.

Say goodbye to annual services

Technological advances mean that cars themselves can diagnose problems and issues as and when they occur. This means that soon there won’t be any need for the annual servicing we’ve all grown so used to. Cars of the future will be maintained and repaired on an ad-hoc basis which will mean that rather than waiting to see if there are any underlying issues with your vehicle, the software in your car will actually be able to carry out tests and checks and let you know if any repairs are needed. You can then get these fixed right away!