5 trends transforming the Automotive Industry

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The car of the future is electrified, autonomous, shared, connected and yearly updated – or “eascy” for short.

It will emit less exhaust fumes and noise into the environment because it is electric.

It will take up less personal time and space because it moves autonomously.

It will be more accessible because users will not need a driving licence to use it.

It will be more affordable because it will no longer have to be bought outright but can instead be paid for in small amounts per use.

The automotive sector faces an unprecedented change with regard to the far-reaching effects it will have on the industry and its users. That is why this report sets out to predict the fundamental restructuring of the automotive industry in terms of timescale, volume and complexity. Basing our findings on key demographic trends, we look at how the mobility behaviour of users might change and what effects that could have. PwC Autofacts is convinced that the future will be much simpler, at least where users are concerned. Before we go into any more detail, we first want to define what exactly we mean by electrified, autonomous, shared, connected and yearly updated.

Electrified

The transition to emissions-free individual mobility would hardly be possible without the electrification of the drive train. First, there is the issue of local components – the fact that cars now only emit very low levels of harmful substances, dust and noise. It also seems that going “emissions-free” will be a global initiative: The idea is that the electricity used to charge the vehicles will come from renewable sources to ensure CO2-neutral mobility.

Autonomous

The rapid progress made in areas such as artificial intelligence, machine learning and deep neural networks make it possible to achieve what until recently seemed utopian – namely the development of autonomous vehicles, which require no human intervention even in complex traffic situations. This will completely redefine the use of individual mobility platforms. New application scenarios are emerging that would have been unthinkable just a few years ago.

Close-up display. Power station for electric vehicles. Electric charger is green in colour. Shubas | Dreamstime.com

Shared

For several years, many big cities have offered car-sharing facilities. While these are currently often run as pilot projects or citizen initiatives, sharing concepts will become economically viable with the introduction of autonomous vehicles. It will no longer be necessary to search for a shared vehicle in the surrounding area: instead it will be possible to order vehicles to wherever the user happens to be via a convenient “on demand” service.

Connected

The fourth “eascy” dimension is the networking of cars with the outside world – summarised by the concept of the Connected Car. This term actually represents two concepts at once. On the one hand, it applies to Car2Car and Car2X communication, which is the networking of the car with other cars or with the transport infrastructure (such as traffic lights). On the other hand, the term also covers the networking of vehicle occupants with the outside world. In future, they will be able to communicate, work, surf the internet or access multi-media services during the journey.

Yearly updated

The development topics of electrified, autonomous, connected and shared will lead to a clear increase in the rate of innovation within the automotive industry. Model cycles of five to eight years, which have always been common in this sector, could soon be a thing of the past. Instead, the range of models will be updated annually in order to integrate the latest hardware and software developments. As customers will naturally not want to buy a new vehicle every year due to the high purchase costs, the short innovation cycles will enter the market primarily through regular upgrades of shared vehicles.

Frankfurt, Germany: Three BMW i3 electric vehicles at a charging station.
Typhoonski | Dreamstime.com

With China’s rapid economic development, transport has greatly improved in recent years as a new development of a new type of transport — electric cars that are light, environmental, economic and traits that other modes of transport do not have the advantage. Electric vehicle charging stations and gas stations similar to a power-on devices. Is a high efficiency charger, can quickly give mobile phone charging electric vehicles and other electric vehicles. . Electric vehicle fast charging station may be the same as the gas station, next to the street of shops, neighbourhoods and communities, newsstand, storage shed, etc. lottery point settings. Electric vehicle charging station is similar to the mobile phone charging ICM staircase Six-charging, with good effect to cure, the battery can be activated first, and then maintain fast charging, a timer, full of alarm, fast-charge computer password control, self-identification voltage, multiple protection, four-output function, supporting universal output interface, fast charge for all electric vehicles. Jingaiping | Dreamstime.com

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