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.