From the factory floor to the vehicle itself to its ownership model, the automotive industry is undergoing exhilarating changes.
Additive manufacturing (a.k.a. 3D printing), advanced materials, robotics, and data analytics are leading new production processes.
A vehicle is becoming more than a mere mode of transportation. With the advent of 5G, it will be like a mobile Internet device on wheels, a valuable part of the Internet-of-Things, which allows for vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) connectivity.
The climate emergency and government policy have pushed the industry to abandon the internal combustion engine (ICE) in favour of electrification.
Some segments of the market are trending toward shared ownership or subscription models.
More disruptive trends here.
Lead photo by Christian Flores