The Future of The Car Industry

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Electric cars such as the Nissan Leaf (the most sold electric car in the world) face the obstacle of a weak charging infrastructure. There are simply not enough charging stations for drivers to use. Furthermore, the wide acceptance of electric cars is dependent on the evolution of the world’s emission standards. In china, for example, car manufacturers are lot allowed to expand their business unless it includes the development of electric and/or plug-in hybrid cars. Emerging markets are the future of the car industry. While in the US there is a 1 car/person ratio (1 car/2 person in Europe), emerging markets only have 1 car/10 persons. There is a huge opportunity for car makers to increase this ratio to 1 car per two or three persons. The future of the car industry involves three trends: – low to zero emissions – connectivity – autonomy Low to zero emissions cars would need new disruptive technologies such as hydrogen fuel cells. Semi-autonomous cars would includes features such as self-parking, keeping constant distances or staying in the same lane on a highway. Removing driver’s hand controls could allow drivers to make phone calls, answer emails, start a video conference, etc. This car features are expected to hit the market by 2020. Finally, the future of the car industry will always be shaped by the legislator, who will stir car changes to one direction or to another.

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