Electronic cars, Robo taxis and self-driving trucks are coming to change our world which transform our daily lifestyles. In 2020, reveals information-centric technologies playing a central role in the future of the industry. Nowadays, vehicles come with a tamper-proof digital identity that differentiates them from other vehicles in the network.
The depleting fossil fuel reserve and the harm to the environment caused by their use call for promoting the use of electric vehicles (EVs). For greater adaptation, EVs need to address issues such as high price, poor battery, inadequate charging infrastructure, fleet electrification, as well as powering renewable energy-based charging grids.
Additional manufacturing like 3D print enhances your automobile in many ways. It enables rapid prototyping with 3D printed models that accelerate the design and composite materials lead to automobile parts that are lighter, stronger, and more durable. Also, Wi-Fi connectivity will allow the usage of apps in the car. Every type of technology for customer experience improvements such as commands, gesture, or navigation will be simplified and more efficient. This means your driving experience will be unlike we’ve seen before.
The technology that is used in today’s vehicles has its advantages and disadvantages. For instance, it can provide safer and more efficient driving, but it will also shorten the lifecycle of vehicles due to new digital feature in every vehicle. Unlike in the past, where vehicles were mostly mechanic with higher endurance, now complicated pieces of technology are more fragile. The lifecycle of a vehicle in the past was an average of 8 to 10 years but, but we expected it to be reduced to 3 to 4 years due to high tech equipment.
The government of India encourages foreign investment in the automobile sector and has allowed 100% foreign direct investment (FDI). The government aims to develop India as a global manufacturing centre and as a research and development hub, that’s how the automobile industry is supported by various factors such as availability of skilled technicians at low cost, robust R&D centres and low-cost steel production.
