Shifting gears to electric: The future of the automotive industry
01 Oct 2019
The automotive industry is undergoing a radical transformation, with most carmakers agreeing that the next 10 years will bring more change than the previous century. This sector is forecasted to rapidly advance and grow in developed markets, with developing countries falling behind. This will leave pure Internal Combustion Engine (ICE) vehicles with a greater market share, predominantly in emerging markets. How are car manufacturers gearing up to support the transition to smarter mobility globally ?