Technology such as automation, connectivity or electrification alone can hardly push the automotive industry forward rapidly, but the three combined can, according to a business report released on Monday.
The Michigan-based Center for Automotive Research (CAR) predicts that automated, connected, electric (ACE) and shared vehicles are leading to an unprecedented change in the automotive sector.
Many see Telsa as a leader in electric vehicle deployment, and the company is also very aggressive in implementing conditional automated driving technologies, said the report.
Volkswagen has also made ACE technologies a part of their vision by proactively positioning the VW Buzz, based on the vintage VW microbus, as an ACE game-changer for the company.
For these businesses, the opportunity for real cost savings may come when they can eliminate the driver, it added.
Analysis: Larson enters conversation with Verstappen as best drivers in the world
Director Romeo Castellucci drops out of Brussels Ring Cycle halfway through because of money, time
Francisco Lindor slugs tiebreaking 2
Florida cops arrest man for broad daylight, on
Napoli coach apologizes to fans after lackluster loss at Empoli worsens title defense
John Sterling honored by Yankees for 36 seasons and 5,631 games as radio voice
Pentagon vows to keep weapons moving to Ukraine as Kyiv faces a renewed assault by Russia
South Dakota man sentenced to nearly 90 years in prison for his baby son's 2021 death
Elon Musk gets approval from FDA to implant his Neuralink brain chip into a second patient
Man who set himself on fire outside Trump hush money trial dies