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Future Of The Automotive Industry, The Types Of Cars Of The Future, Why Gasoline Powered Vehicles Do Not Warrant The Cost, Why Plug-In Hybrid Electric Vehicles Are The Utmost Best Type Of Vehicles, And Why Electric Vehicles Do Not Warrant The Cost

Future Of The Automotive Industry, The Types Of Cars Of The Future, Why Gasoline Powered Vehicles Do Not Warrant The Cost, Why Plug-In Hybrid Electric Vehicles Are The Utmost Best Type Of Vehicles, And Why Electric Vehicles Do Not Warrant The Cost

          
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About the Book

This essay sheds light on the future of the automotive industry, identifies the types of cars of the future, and elucidates why gasoline powered vehicles do not warrant the cost. Moreover, why plug-in hybrid electric vehicles are the utmost best type of vehicles is delineated, why electric vehicles do not warrant the cost is explicated, and the myriad of problems associated with buying an electric vehicle are demystified in this essay. Furthermore, the criteria for how to determine if purchasing a car is worth the investment is revealed and how to earn substantial money online so that you can afford to finance your vehicle purchase is expounded upon in this essay. The future of the automotive industry will usher in unprecedented changes that will profoundly revolutionize the automotive industry. In other words, the upcoming changes to the automotive industry will be commensurate with the automotive technological advancements of the digital era that will reshape the driving experience. It stands to preponderantly reason that in the coming decades fully autonomous vehicles will be available for personal transportation uses on the global vehicle market. This revolutionary change will allow vehicle owners to work enroute to their destinations. Moreover, there will no longer be a need for human drivers, thus displacing more workforce participants. Customer demand in the ride sharing economy will also grow as the cost disparity between vehicle ownership and accessing ride sharing services further narrows due to the elimination of the human driver and unprecedented technological advancements to vehicles that render ride sharing services ever more affordable to procure. "Overall global car sales will continue to grow, but the annual growth rate is expected to drop from the 3.6 percent over the last five years to around 2 percent by 2030. This drop will be largely driven by macroeconomic factors and the rise of new mobility services, such as car sharing and e-hailing" (Gao, Kaas, Mohr, & Wee, 2016) services. It also stands to reason that companies that offer ride sharing services will help drive automobile sales in the coming decades as they increase their fleets of autonomous vehicles. "A detailed analysis suggests that dense areas with a large, established vehicle base are fertile ground for these new mobility services, and many cities and suburbs of Europe and North America fit this profile. New mobility services may result in a decline of private-vehicle sales, but this decline is likely to be offset by increased sales in shared vehicles that need to be replaced more often due to higher utilization and related wear and tear" (Gao, Kaas, Mohr, & Wee, 2016). Autonomous vehicles will still offer tremendous utility to city dwellers in the coming years as most cities egregiously fail to satisfy public transportation needs and abstain from future-proofing their eroding transportation infrastructure. It is projected that almost 70% of the global "population will reside in urban areas by 2050" ("UN: 68 percent," 2018). This migration to urban areas will render car ownership all the more unappealing. While paying to utilize public transportation systems and ride sharing services can be expensive, it may culminates in being far less expensive than paying for monthly car loan payments, monthly parking fees, vehicle registration fees, high auto insurance rates, and high maintenance repair costs. Vehicles profusely depreciates each and every year at the car owner's expense and can be very expensive to procure, maintain, retain, and operate. Even though most public transportation systems are not modernized nor streamlined to satisfy growing public transportation needs, they at least help curb the city dweller's need for vehicle ownership. It stands to therefore reason that the annual growth rate of vehicle sales will be preordained to decline in the coming decades as more and more customers live in cities.


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Product Details
  • ISBN-13: 9798610919119
  • Publisher: Independently Published
  • Publisher Imprint: Independently Published
  • Height: 254 mm
  • No of Pages: 92
  • Spine Width: 5 mm
  • Width: 203 mm
  • ISBN-10: 8610919110
  • Publisher Date: 08 Feb 2020
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 200 gr


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Future Of The Automotive Industry, The Types Of Cars Of The Future, Why Gasoline Powered Vehicles Do Not Warrant The Cost, Why Plug-In Hybrid Electric Vehicles Are The Utmost Best Type Of Vehicles, And Why Electric Vehicles Do Not Warrant The Cost
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Future Of The Automotive Industry, The Types Of Cars Of The Future, Why Gasoline Powered Vehicles Do Not Warrant The Cost, Why Plug-In Hybrid Electric Vehicles Are The Utmost Best Type Of Vehicles, And Why Electric Vehicles Do Not Warrant The Cost
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