Predicting the future is never easy. The unexpected circumstances and always changing transformation of technology makes it nearly impossible for us to predict the future of an industry.
Urban mobility is something no city, company or citizens can live without. Since the world requires change and the competition to search for new solutions is palpable, we can expect a lot of changes in the coming years. We have listed the most exciting future innovations which will transform our transportation.
Electric airplanes
The first electric airplane is expected to boast a range of 1000 miles (1600 km) in 2030. The company named Zunum Aero which is supported by JetBlue and Boeing, strives to turn this into a reality. Hailed as the “Chevy Volt for Planes” and “Tesla of the Air”, Zunum Aero is currently constructing a lot of hybrid electric airplanes. It is concentrating on boosting local flights, especially inside the US.
Unbelievable battery prices
Presently, the battery costs are being lowered by 20% annually and automakers are all in the favor of forming an electric fleet. The automakers like Toyota, Volkswagen, Mercedes, BMW, Volvo, Audi and a lot more are splurging money to fasten the development procedure and introduce the latest electric cars.
These automakers are also striving to offer improved battery designs for the future development which is expected to lower the price. Costs are speculated to drop to $100 per kWh before 2030 whereas energy density will increase double fold.
Clean consumption and energy storage at home will be done by the reuse of second life batteries. There is a reason why this expectation is not an exaggeration. Even the oil companies stated that the “fuel demand will flatten out” after 2030.
Huge growth of EV charging stations
A minimum of tenfold increase has been made for the amount of charging stations globally since 2013. The global market of charging stations had a net worth of $1.16 billion in 2016.
According to the Grand View Research, this worth will increase to $46 billion in 2025. The fastest rate will be in the passenger cars segment. This might be due to the increasing diversity of latest electric cars which will be unveiled in the coming years.
The purchase of the latest electric cars is boosting the growth and development of EV charging stations. This mainly consists of 2 types of chargers known as Direct Current (DC) and Alternating Current (AC) charging stations. Lastly, the role of government is crucial because the financial aid is the stimulus to fasten the transfer to electric vehicles.
Consumer politics
Everyone believed that the ever growing marketplace would purchase anything we create. However, the financial downside in the past created a shift from a supply driven economy to the need of demand driven economy.
The urge for alternative fuel vehicles and clean transportation is greater than ever. Above 30 million American citizens will probably purchase an electric car in the next year.
The demand for EV is exponential in the millennials. If this demand reflects sales, the EV industry will be in a successful position, irrespective of any potential political downturn.
Self driving cars
Following Tesla, Nissan, Uber, Chevy and Waymo are also a part of the self-driving team. All of these companies are testing lots of self-driving cars in East Asia, US and Europe. A few more automakers are following them in the next 5 years. According to the Institute of Electrical and Electronics Engineers (IEEE), self-driving cars will make up 75% of vehicles in 2040.
Therefore, in the near future, the roads and cities will be changed and optimized to guarantee ideal navigation of these vehicles.
Insurance
The future mobility landscape will introduce considerable damage and also a chance for the insurance industry. The growth of Mobility as a Service (MaaS) and Autonomous Vehicles (AV) will direct the focus from giving people cover to offering insurance for AV automakers and fleet owners.
Data rules
In the emerging mobility landscape, customer data will be produced in big amounts and gained continuously. This will offer huge chances for the service providers to learn customer language, speculate their requirements and provide customized add-ons or enhancements. All these changes will need new methods of thinking about the data collected.
It is now widely believed that in 2030, mobility will be different.
