Vehicle Technologies Driving the New Transportation Ecosystem
The electric vehicle (EV) revolution is upon us, with the components for the EV economy germinating right before our eyes, including vehicle manufacturers investing billions of dollars in EV technologies and consumers procuring the current line of EVs. These, and many more factors, are leading indicators and are encouraging signs for an industry that is early in its life cycle.
That said, all budding industries face growing pains and challenges, including transitioning consumer behaviors. This paper outlines the growth trajectory of the EV industry and of commercial fleets (which are also beginning their transition to EVs). It also touches on the impact of 5G and how digital technologies are transforming the way consumers learn about and purchase vehicles.