The Evolution of the Automotive Industry: What Lies Ahead
Republished with full copyright permissions from The San Francisco Press. The automotive market is witnessing a profound transformation, driven by the rise of electrification, advancements in autonomous driving, and the shift towards software-defined vehicles. This revolution has raised a pertinent question: Can technology and consumer electronics companies make a substantial foray into the automotive market and potentially venture into car manufacturing themselves? Electric vehicles are rapidly gaining traction, with a projected 23% of new car registrations in 2023 being electric, including hybrids. Furthermore, battery-electric cars have experienced remarkable growth, with a 4.8-fold increase between 2020 and 2023, as highlighted in … Continue reading The Evolution of the Automotive Industry: What Lies Ahead

