How will ride-hailing alter car use and car buying trends?

The market will become more complex as ride-sharing platforms and self-driving cars will give consumers an increasing number of options for personal mobility. Automakers and suppliers will need to adapt their products and business models to ensure they are prepared for greater diversity, the resizing of markets, battery charging needs, and related response from electric power markets. Continue reading. .

How will electric cars and fuel economy standards impact oil demand?

Light vehicles represent the most important end-market, accounting for one-third of global refined product demand and nearly 40% of total oil demand growth since 2000.

Will electric vehicle (EV) sales growth reaccelerate in 2020?

Government policy will continue to be the most important driver of EV sales in 2020. Learn about policy in Mainland China, Europe, and the United States.

How will concerns about climate change and pollution alter mobility via the car?

Policy in high-profile cities could influence a broader adoption of restrictions on car use. Transportation accounts for about 25% of global energy GHG emissions today.

Will mobility as a service (MaaS) be regulated into submission?

After some years of operation, MaaS in many cities is contributing to local air pollution, while demand for journeys is further adding to traffic congestion. Among other measures, cities are likely to introduce more MaaS surcharges and use proceeds to help alleviate some adverse effects of the rapid growth of MaaS, as well as “give back” to the city to enhance residents’ quality of life.

Will micromobility thrive in 2020?

Cities will hold the key to success for 2020 and beyond. Further regulation from cities (such as limiting the number of operators) could slow micromobility growth. However, overall, cities have chosen to regulate, not ban, micromobility—making it an option for urban mobility. Get the full report .

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What are the implications and what is the path forward for autonomous vehicles?

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Future use of autonomous vehicles (AVs) continues to be a hot topic in the automotive and transportation industries.

The automobile industry has taken significant strides this decade.

From strict emission norms across the globe to electric vehicles (EVs) making headlines, the biggest progress, arguably, was in autonomous driving.

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IHS Markit predicts that by 2040 there will be 33 million automated vehicles sold-up from 51,000 units in 2021.

With many of these self-driving cars employed in mobility schemes, it is obvious that connectivity and data will be key inputs to revenues and a positive user experience.

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Prepare for tomorrow with today's most comprehensive view of autonomous driving, shared mobility, connected cars, and electric vehicles.

The automobile is on the precipice of change. Electrified vehicles are beginning to challenge internal combustion engines. New mobility trends such as ride-hailing and ride-sharing are changing business models. And connectivity and autonomous driving are creating a whole new world of possibilities for the vehicle travel experience. The car of the future will significantly change the industry and how people interact with vehicles and vehicle ownership.

In addition, these changes will have ripple effects particularly in cities where shared mobility and autonomous vehicles may negate the need for city parking and personally owned cars. The electrification of vehicles overnight at homes may reduce the need for gas stations while increasing the need for EV infrastructure at shopping malls and entertainment venues. And autonomous vehicles will likely evolve into innovative use cases like a sleeper cab (wake up at your destination!), or as a mobile office (being stuck in traffic won't matter). The car of tomorrow and its sister, the truck of tomorrow, will fundamental change how goods and people move.

IHS Markit automotive experts are closely following and forecasting this new paradigm. We provide a 12 year autonomous driving forecasts, examine connectivity players and the latest technologies, and provide insight into EV infrastructure and electric vehicle production and sales. In short, we provide all the insights you need to prepare for the car of the future.

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Automotive Industry FAQs:

How will ride-hailing alter car use and car buying trends?: The market will become more complex as ride-sharing platforms and self-driving cars will give consumers an increasing number of options for personal mobility. Automakers and suppliers will need to adapt their products and business models to ensure they are prepared for greater diversity, the resizing of markets, battery charging needs, and related response from electric power markets. Continue reading.
How will electric cars and fuel economy standards impact oil demand?: Light vehicles represent the most important end-market, accounting for one-third of global refined product demand and nearly 40% of total oil demand growth since 2000.
Will electric vehicle (EV) sales growth reaccelerate in 2020?: Government policy will continue to be the most important driver of EV sales in 2020. Learn about policy in Mainland China, Europe, and the United States.
How will concerns about climate change and pollution alter mobility via the car?: Policy in high-profile cities could influence a broader adoption of restrictions on car use. Transportation accounts for about 25% of global energy GHG emissions today.
Will mobility as a service (MaaS) be regulated into submission?: After some years of operation, MaaS in many cities is contributing to local air pollution, while demand for journeys is further adding to traffic congestion. Among other measures, cities are likely to introduce more MaaS surcharges and use proceeds to help alleviate some adverse effects of the rapid growth of MaaS, as well as “give back” to the city to enhance residents’ quality of life.
Will micromobility thrive in 2020?: Cities will hold the key to success for 2020 and beyond. Further regulation from cities (such as limiting the number of operators) could slow micromobility growth. However, overall, cities have chosen to regulate, not ban, micromobility—making it an option for urban mobility. Get the full report.