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 also being affordable enough for most consumers. The average price tag on an EV is currently around $35k, which is considerably higher than most people can afford when they want something reliable that will last them through years of use without needing any major repairs or maintenance work done on it (in comparison). In contrast with EVs, internal combustion engines are cheaper by comparison – you can get one starting at around $10k depending on what options you include when customizing your car purchase!
4. Lithium-ion batteries will likely stay at the core of electric car technology for the foreseeable future because they’re getting cheaper and better every year.
Lithium-ion batteries are the most common type of battery used in electric cars. And they’re getting cheaper and better every year. Not only that, but there are other types of batteries out there that could potentially be used in electric cars–and some experts think those could offer even better performance than lithium-ion (though they’d need more research).
Lithium-ion isn’t perfect: it can catch fire if damaged or improperly disposed of; its capacity degrades with age; and it’s still quite expensive compared to lead acid batteries, which have been around since 1859! But these problems aren’t insurmountable–scientists have developed new materials that could make lithium-ion safer and more durable; they’ve also figured out ways to recycle old ones so you don’t have to throw them away when their life span is up (which would reduce pollution).
5. The biggest obstacle standing in the way of widespread adoption of electric vehicles is infrastructure, specifically charging stations that would allow people to drive longer distances or stay out later without having to worry about running out of power.
The biggest obstacle standing in the way of widespread adoption of electric vehicles is infrastructure, specifically charging stations that would allow people to drive longer distances or stay out later without having to worry about running out of power. The infrastructure for electric cars is still being built out, and it’s expensive: according to a report by AAA, each charging station costs about $70,000 (the total cost depends on factors like location).
The problem isn’t just monetary; it’s also logistical. Charging stations need to be placed somewhere convenient for consumers–and that means places where many people can charge their cars at once. For example: if you’re driving from New York City down south during wintertime with your family in tow and need to stop every two hours just so everyone can use the bathroom (or even just get some fresh air), then maybe you’ll want one of those fast-charging stations near every major highway exit ramp along your route–not just one or two scattered around town here and there!
The other issue is compatibility with existing electrical grids. If we try building too many new charging stations without taking any precautions first…well…let’s just say we don’t want our whole country going up in flames because some spark got loose while trying too hard!
6. Autonomous vehicles could have an even bigger impact on society than electric cars do by reducing accidents, improving traffic congestion, and opening up new markets for ride sharing services like Lyft and Uber where human drivers are not required.
Autonomous vehicles could have an even bigger impact on society than electric cars do by reducing accidents, improving traffic congestion, and opening up new markets for ride sharing services like Lyft and Uber where human drivers are not required.
The autonomous vehicle revolution is already underway as companies like Tesla have begun selling cars with self-driving capabilities while others like Waymo continue to test their own autonomous vehicles on public roads in California. While these early steps are impressive, there are still many hurdles ahead before we see widespread adoption of fully autonomous vehicles.
The auto industry is preparing for major transformations in the future that will come sooner than we expect
The auto industry is preparing for major transformations in the future that will come sooner than we expect.
For example, electric cars are becoming more mainstream and more affordable by the day. Tesla has already sold over half a million vehicles since 2008 and it’s not even close to being done yet: their next model is expected to start at $35,000–costing less than half as much as their cheapest car today. Meanwhile, other manufacturers like GM have announced plans for their own electric vehicles by 2020 or 2021 (a deadline which seems increasingly unrealistic). And then there are all of these smaller startups–like Lucid Motors or Faraday Future–who seem intent on making a name for themselves in this new market segment as well!
The rise of autonomous vehicles poses another threat to traditional car ownership models: if you don’t have to drive yourself anymore why would anyone ever buy another vehicle again? This question isn’t just important because it affects how people get around but also because it represents one more instance where change happens faster than expected; many experts believed self-driving cars wouldn’t arrive until 2030-2040 but now they’re already here!
The auto industry is going through some major changes right now, but these changes are not just limited to electric cars. Autonomous vehicles have the potential to revolutionize transportation and transform our lives in ways we never thought possible before. The good news is that there are many different automakers working on this technology so we won’t have wait long before being able to buy one ourselves!