The automobile industry has evolved a lot over the centuries. From the steam engine car to the Petroleum engine to the Ford manufacturing system, there have been revolutions that have changed the face of the industry. And now we are moving to even greater heights. The driving experience has become extremely refined. There have been radical technological innovations in recent years and automobile companies have been swift at trying to incorporate technological advancements to gain a competitive advantage and change the industry completely. Here is how we think the future cars would look like.
It is known that electrification is the next big thing in the transmission aspect of cars. While companies have been trying to introduce Electric cars for years, the incessant lobbying by OPEC nations has left little space for EVs to enter the market. But the growing understanding of climate change has made people more conscious about their carbon footprint and it seems that the adoption rate of EVs has skyrocketed and EVs may overrun the Gasoline car market. With countries focussing on installing infrastructures such as EV charging stations and the companies focussing on developing long-lasting batteries, it seems unlikely that anything can stop the EV market now. By 2030, EVs may well be the majority of automobiles running on the streets.
While EVs may revolutionize the transmission part of cars, Automation may completely change the driving experience. Huge companies such as Google and Tesla are already ready with partially autonomous vehicles and judging by the amount of research and investment going into Autonomous vehicles, we think that it is very much possible for a fully autonomous vehicle to be certified and released in the market by 2030. One of the concerns though is making it affordable because the amount of technology going into an autonomous car may make it extremely expensive. But there is no doubt that driverless cars will change the way we commute forever!
Another area that technology is changing to improve the driving experience is the integration of all devices including mobiles in your car. Companies such as Bosch and Mercedes are already working on sophisticated in-car systems that would do anything from allowing you to see offers on restaurants on your way to booking tickets to a movie by just telling your car to do so. In fact, you may even be able to pay for stuff right from your car dashboard. While it may seem unreal, but the introduction of IoT has not left much out of reach of reality.
While other solutions are all about the driving experience, this one is about ownership. With car buying becoming a huge expense, millennials have started turning to the idea of shared ownership and also pooling. This allows multiple people to split the cost of ownership and share the expenses for maintenance as well. There are some companies working on such platforms and this idea has been gaining traction. By 2030, we may see a lot of changes in car ownership as well.