Automobiles have reshaped the worldwide trade and mobility industries, as well as revolutionised transportation. The car industry is once again on the verge of a revolution. This time, autos are poised to take the next step away from fossil fuels and toward new energy sources, while simultaneously becoming smarter and "hands-free". We look at the next key vehicle trends that you should be aware of if you want to be a part of the automotive revolution.
We are already in the midst of this shift from fossil fuels to newer energy sources. Customers now have realistic alternatives across sectors, from plug-in hybrids to battery electric vehicles, and the timing couldn't be better for a transition toward electric vehicles. From the promise of an emissions-free future to personal passenger vehicles and last-mile connection, EVs are very much a part of our present and will revolutionize everything from personal passenger vehicles to last-mile connectivity. Long-distance EV travel will be simpler than ever before, thanks to the fast expansion of charging infrastructure.
Advanced Driver Assistance Systems (ADAS) took priority in the mass market segment in 2021, with vehicles like as the Mahindra XUV700 and the MG Astor providing the technology at a more affordable price point. Let us assure you that this is only the beginning of autonomous driving or driver assistance technologies becoming commonplace in Indian automobiles. While Western markets have seen these features as standard on automobiles in order to fulfil severe safety standards, India is slowly but steadily catching up with domestic players embracing the technology as well. ADAS and other passive aid technologies will only make driving safer than it was before, and they will become more ubiquitous in future car launches and upgraded models over the next decade.
Carmakers have succeeded to make premium features more accessible to the general customer, much like ADAS did in the mass-market area. Consider how difficult it was to obtain a touchscreen infotainment system or even seat ventilation a decade ago. That has changed for the better, with even the tiniest automobiles now including them as standard equipment. The newest automobiles also have more linked functions, and it won't be long until the Internet of Things (IoT) takes over your driving experience. Not only that, but data analytics and telemetry will become increasingly ubiquitous in inexpensive automobiles, revolutionising the vehicle insurance sector in the years to come.
The epidemic has sped up the process of purchasing automobiles online. Customers went to manufacturer websites and then some to place orders for their automobiles when brick-and-mortar showrooms were shuttered as a result of various lockdowns. Almost every step of purchasing a vehicle can now be done online, from booking automobiles to completing the purchase. Ola Electric follows a completely digitized process for retailing its electric scooters, while Mercedes-Benz India was the first carmaker to launch its 'Retail of the Future' programmed, which also makes buying a vehicle a more transparent process, from searching for a car to completing the transaction.
Finally, the concept of owning a car is evolving, and today's client prefers a more serene ownership experience over a hassle-free existence. Furthermore, with shorter ownership periods, buyers demand the finest and latest at their disposal, which is where a car becomes a mobility solution rather than a valued asset. As a result, an increasing number of customers are looking towards subscription-based leasing schemes for automobile ownership. These alternatives are vital for removing ownership issues and allowing for a variable pricing structure while using a car. This not only makes automobiles more affordable, but it also allows consumers to upgrade to newer vehicles more quickly and easily. More of these mobility options will develop over time, making automobiles more accessible to customers.