Five Ways Automakers and Suppliers Can Prepare for the Future of Mobility

Five Ways Automakers and Suppliers Can Prepare for the Future of Mobility

What could the future of mobility look like in just 10 years?

Imagine streets populated with electric vehicles (EV) and gas stations replaced by EV charging stations at shopping centers and grocery stores. Mobility-as-a-service (MaaS) dominates the transportation landscape, offering users the most affordable, sustainable, and efficient way to get around. Some cars are self-driving and interconnected, talking to each other and sharing their location and next moves. What’s more, many cars are connected with the ability to send and receive all types of users’ data.

To realize this new reality, change will happen quickly, and regulations will only accelerate this transition. In Europe, a package of legislative proposals, “Fit for 55,” aims to reduce greenhouse gas emissions by 55% by 2030. It includes a policy that requires a 55% reduction of average emissions in new cars by 2030 and a 100% reduction by 2035. In the United States, President Biden set a bold goal that EVs make up at least 50% of all vehicles sold by 2030. Since he took office, automakers announced investments of more than US$36 billion in EV manufacturing and $48 billion in battery production in the U.S. alone.

Add consumer sentiment to the equation – more than half of global car buyers are looking for an EV – and it’s no surprise that carmakers, suppliers, and dealerships recognize the need for dynamic and continuous innovation to be profitable and sustainable.