The automotive industry is one of the most exhilarating industries in the world. This is the field that is quite literally responsible for getting us from point A to point B as effectively as possible, all over the world. Recently, it has also become an industry that is ripe with technological advancement and rapid wide-scale digitalisation. The electrification of the automotive industry has been ongoing for years now, but there can be no doubt that it has positively taken off in recent years, speeding up and gaining further momentum in the process. Make no mistake, the automotive industry is evolving.
Of course, there will always be the thrills of traditional automotives, in a sense. There is unlikely (if even remotely possible) to be an electric iteration of a supercar that rivals the exhilaration of getting to drive a V8 supercar these days. We love the thrill of the chase, and for this reason traditional automotives are unlikely to ever completely disappear. This is a positive thing – who would want to see a world where classic cars do not exist, or V8 supercars are not able to be raced around in an adrenaline-packed one-off experience? Even still, change is coming, and technology is in the driver’s seat.
Electric vehicles and environmental impact
There is no secret that the fuel emissions that burst out from traditional vehicles are unhealthy. This much we are certain of. Electric vehicles, on the other hand, obviously run off electricity. This makes them a far healthier vehicle to keep on the roads from an environmental perspective, due to the fact that the same fuel emissions that pump out of traditional vehicles do not do so from electric vehicles. It is environmental impact that has been a driving force in marketing these vehicles to the world – not to mention the most successful driving force of all.
Electric vehicles and financial costs
The cost-effective nature of electric vehicles in the long-term is also appealing. And now, thanks to the release of Tesla’s latest vehicle, the Model 3, the purchase price is finally more cost-effective as well. Inevitably, this means that more people are likely to buy them from different financial backgrounds. In the beginning, manufacturing, understanding, perfecting, and improving the technology to make electric vehicles not only possible, but just as efficient (if not more so) than their traditional counterparts, was costly. Now, with all that initial framework under their belts, manufacturers like Tesla are more easily able to pump out these vehicles. Lower cost of manufacturing means lower cost in the market (depending of course on the model of the vehicle).
Electric vehicles and the future
While it has been a slow burn for the rise of electric vehicles and their prominence (thanks in no small part to the cost of initially working out the kinks of the technology that runs the vehicles, no doubt), the wheels are finally gaining traction. Electric vehicles are positively taking off, and we are seeing the beginnings of a revolution that is set to change the automotive industry forever, unfold before our very eyes. In a world where technological absolution and digital innovation are driving us forward, it is exciting to note that they are also prominent concepts driving forward the future of automotives.