Forecasting The Future Of The Auto Industry
The auto industry is at the center of society. It’s what connects us and drives our economy, but that doesn’t mean it will stay the same forever. We’re on the cusp of some major changes in how we get around, and if you ask me, they’re going to be exciting—and fast!
1. The auto industry is going to be disrupted by electric cars.
The auto industry is going to be disrupted by electric cars. They’re more efficient and cheaper to run, they’re better for the environment, they are quieter, smoother, easier to drive and more fun than combustion engines. They also have a lower center of gravity which makes them safer in accidents as well as easier to park.
2. The shift to electric cars is going to drive down oil prices, which means lower costs for automakers and consumers alike.
The shift to electric cars is going to drive down oil prices, which means lower costs for automakers and consumers alike.
Electric cars are more efficient than gasoline-powered vehicles. They don’t use oil, so demand will decrease as more people start driving electric vehicles (EVs). In turn, this should lead to lower prices at the pump–and lower costs overall for automakers and consumers alike.
3. Even though we’re moving towards electric vehicles, there will still be demand for traditional internal combustion engines because they are a good compromise between fuel efficiency and cost-effectiveness.
There’s a lot of talk about the electric vehicle revolution, but it’s important to remember that even though we’re moving towards electric vehicles there will still be demand for traditional internal combustion engines because they are a good compromise between fuel efficiency and cost-effectiveness.
The internal combustion engine will continue to be used in the foreseeable future because it provides an efficient means of transportation while …
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