The mobility ecosystem is one that is bracing up for a complete shake- up. These trends may easily be conjured up by the acronym ACES. This stands for autonomous driving, connectivity, electrification of vehicles and shared mobility. As per a study conducted by business consulting firm McKinsey, the autonomous vehicles market in the USA alone could exceed the eight- hundred billion dollar mark by the year 20130, if the concept got widespread adoption. The right infrastructure will need to get built to support this scale of connectivity. Renewable energy is also high on the adoption plans for electric and hybrid vehicles. Another such initiative is to have hydrogen- run cars. One area where work has already prospered is in ridesharing, which is now so prevalent in urban areas.

Source:https://www.mckinsey.com/industries/automotive-and-assembly/our-insights/the-trends-transforming-mobilitys-future?cid=other-eml-alt-mip-mck&hlkid=e360697569a548298da5c16019d5f88f&hctky=9953462&hdpid=96002b3c-7ad0-49bf-8d94-a4c1d8514f81

Uploaded Date:29 July 2019