The global automotive industry is on the verge of disruption. Digitization, Increasing automation and new business models have revolutionized other industries, and the automotive industry will be no exception to such a revolution.
Four technology-driven trends—electrification, Shared mobility, Connectivity and autonomous driving—are leading the automotive industry to this disruption. These trends will shift markets and revenue pools, Change mobility behavior and build new avenues for competition and cooperation.
We at Wissen baum understands increasing urbanization come environmental challenges due to high levels of vehicle emissions. To combat this, Governments across the world have announced regulations on emissions and efficiency that are expected to become stringent with time. In the case of India, Crude oil imports account for a significant portion of the current account deficit and also create dependence on certain global regions to meet fuel needs of the country
Challenges like uneven roads, low spending capacity and lack of government support still act as hurdles to the electric vehicles becoming a mass market product.