Technologies On The Horizon In The Automotive Industry
New technologies in automotive industryThe US automotive industry is fresh off of a record breaking sales year in 2016, with over 17.five million vehicles sold Globally, the auto industry is experiencing its largest growth in developing and emerging economies. In pursuit of autonomous technologies and cars, automotive and technology businesses are collaborating on improvement and production. For instance, in July, BMW, Intel and Mobileye announced their partnership to create a totally autonomous vehicle by 2021.7 Regardless of public perception and the present lack of clarity relating to a regulatory framework for these automobiles, automotive companies are confident that totally autonomous autos, which are projected to be a $42 billion market by 2025,eight are the future of the business, so they are adopting strategies accordingly to meet altering customer demands and lifestyles.
Tesla is at the forefront of the fuel-efficiency movement , releasing a slew of electric and hybrid cars that …
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