In many developed cities, young professionals are eschewing car ownership in favour of public transport. City governments are also actively discouraging car ownership by introducing congestion charging, tolled roads, and high parking rates.
The recent COVID-19 crisis also highlighted the idea of a renewable energy mix – one which doesn’t rely so much on fossil fuel. Tesla’s electric cars – with their technologically advanced brains and revolutionary electric motor – is selling not just cars, but a vision of future motoring.
With the vast majority of cars on the road running on polluting oil, what does the future hold for the automotive industry? And where does this leave SMEs?
A DIFFERENT SORT OF DISRUPTION
Tesla’s ‘disruption’ of the automotive industry is only one dimension of it. Instead, automakers are disrupting themselves from within.
The ‘disruption within’ isn't about cheap, small, fast. It's not about catching the industry off-balance and ill-prepared to respond. It is about big companies that have a lot of money recognizing that they can spend literally billions to attack a new business opportunity.
Automakers were already making their cars smaller and more fuel-efficient since the dawn of the millennium, but current leanings and consumer appetites are accelerating the trend. Compact, turbocharged engines (so fuel burns cleanly) are the order of the day, as are continuously-variable transmissions (CVT) that are far more fuel-efficient than conventional manual or automatic gearboxes. Even German luxury stalwarts Mercedes Benz and BMW are introducing thrifty V6 engines in their lineup, instead of thirstier, more traditional V8 or V12 powerplants.
This will lead to a retooling in the way such engines are made and serviced. New materials plus new engine geometry will necessitate an evolution in the way parts are produced, replaced, and serviced. But this is an evolution – not a massive change in how the automotive industry is progressing as a whole. Engines are still based on internal combustion – a technology that’s been around for a century and a half. Automakers have merely perfected the craft.
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HOW I'VE APPROACHED MY ROLE AS A LEADER WHEN IT COMES TO CREATING A COHESIVE TEAM CULTURE
It is business, but it’s far from usual. COVID-19 has transformed our ideas about how and where we work, and put flexibility, adaptability and technology at the heart of the workplace. Our work cultures, have therefore, been transformed as a result of this change.
RAGS TO CHEMICAL RICHES
THE RISE OF EMERGING TECHNOLOGIES
Sticking To Your Guns
The Playstation 5's Plan To Win The Console Wars
Six AI Myths Debunked
To generate value, leaders must fully understand how AI works and where its limitations lie. Myths include, “Artificial intelligence (AI)I will automate everything and put people out of work.” “AI is a science-fiction technology.” “Robots will take over the world.”
Live Streaming: The Next Frontier Trend
Energy! Energy! Energy!” These are the exhortations of Jerry Hang, our trainer for the day.
APEC Recovery Gameplan Beyond Trade And Investments
Amidst uncertainties that the pandemic COVID-19 has brought upon the entire global citizens, one thing is for sure, economic activities need to resume operations to safeguard the future of business owners.
Are We Ready To Ship Billions Of Covid Vaccines Worldwide?
There’s no denying it. 2020 has been a year of immense difficulty and disruption. Many now look forward to 2021 and the much-anticipated prospect of COVID-19 vaccines as the gateway to global recovery.
Logistics : Risk And Opportunity In A Turbulent World
Like most other industries, transportation and logistics is currently confronting immense change; and like all change, this brings both risk and opportunity.
Budget 2021- Changing Budget For A Changing Time
Changing Budget For A Changing Time
What Now For Supercars?
The men in charge reveal the vital next steps for a category defined by ford vs holden
Ex-Google Self-Driving Car Project Picks Up New Investors
Google’s former autonomous vehicle project is becoming a more autonomous business by bringing it in its first investors besides its corporate parent.
Time-Tested, Fresh Look
Inside the angry farmer products super stock ford
Mercedes - AMG GT 63 S-Door
Under the skin of the new Mercedes AMG GT 63 S 4-door, there’s a lot going on as the transition from the AMG GT sports car to GT family car proves to be anything but straightforward repurposing. But if you’ve gone offthe whole oxymoronic genre of fast SUVs, this menacing mutation from AMG is far more versatile than its niche status would have you believe.
Porsche Macan GTS
A damn good sport
Seven seater plays the long game
Part 2 - Back To The Start
More tales of the colourful lives of the first lyons-built cars to carry the ‘jaguar’ title - the S.S. Jaguar 100
A look at investing in the cars you once dreamed about and hung on your bedroom walls
Old-School Meets Modern Bling
A show-ready, five-speed ’97 f-250 on ’05 Axles
OEM Quality, High RPM Insurance
Merchant automotive’s tig-welded water pump