Posted by Scott Corwin, Philipp Willigmann, and Elizabeth Berkey Cathles
The global automotive industry may be on the verge of a fundamental transformation giving rise to a new mobility ecosystem. These changes could have far reaching implications for how we move from point A to point B, and for stakeholders far beyond the auto industry, including gas companies, retailers, insurers, emergency rooms, advertisers, and government regulators.
We might be forgiven for thinking these shifts will materialize only in the distant future, making strategic changes today premature. But the future of mobility is already impacting how businesses operate in an array of industries. Consider just a few recent examples. The US Department of Transportation announced in December that its safety ratings would begin considering the presence of crash-avoidance and other advanced technologies, which are important enabling technologies for autonomous drive that could spur adoption by automakers.1 As of November 2015, Google self-driving cars have completed more than 1.3 million miles of autonomous driving on public streets.2 Several companies developing autonomous cars have indicated they would accept liability should their vehicles crash, a sign of their confidence in the technology and an important development for insurers and the general public.3 AT&T added over a million new connected cars in its third quarter, more than any other wireless category, including smartphones.4 The list goes on, and these developments are just the first tentative steps toward a new mobility ecosystem.
Continue reading “The Future of Mobility, Today and Tomorrow”