Disruptions ahead for automotive industry?

January 25, 2016 at 10:11 am

The latest forecast from McKinsey Consulting on the disruptive trends unfolding in the automotive sector is very much along the lines of what I have been saying for quite a while.  It predictions comes packaged in a nice, easy to consume slick video presentation shown below.

Among the major disruptions, the ones I see having direct and tremendous social and roadsafety implications are ridesharing and vehicle automation, both aided by a confluence of technology and consumer aversion for driving/owning automobiles. Of course, the pace of disruption will be dictated by the Federal policies and that means our lawmakers must remain nimble and be willing to set aside their political ideologies to help the industry as it leaps forward.

Growth of vehicle automation. Source: McKinsey

Scenarios for growth of vehicle automation. Source: McKinsey

Check out the full report here