It’s a FAST moving industry, with SEISMIC changes underway.
Basically, vehicles have been built the same way for the last 100 years — they run on carbon, are driven by people, don’t connect with other vehicles, and operate independently. The business model has involved “car dealerships” and “car salesmen”, and manufacturing models that involve putting vast quantities of product into inventory in traditional showrooms.
Now, for the first time in over 100 years, massive change is underway. More vehicles will be based on alternative energy sources rather than carbon. A growing number will drive themselves, at the same time that they interconnect with other vehicles. They’ll operate on very sophisticated, intelligent highway infrastructure that will have a profound impact on energy efficiency, traffic patterns, and urban and highway design. It’s a future in which a large number of the next generation of transportation users might not even actually purchase a car, but simply use some type of vehicle or community sharing service. If they do actually purchase a car, they will likely do it online. All this is occurring as the speed of innovation in the transportation sector is shifting from the traditional pace of automotive/trucking to that of the hyper-innovation of Silicon Valley.
These trends promise a massive shakeup not only to the automative and trucking industries, but to parallel industries such as manufacturing, finance, insurance, urban and municipal services, government roles and economic development.