Strategies needed for automotive industry to overcome great changes

The Yomiuri ShimbunHow ought the competitiveness of a key industry which underpins the Japanese economy be maintained & its structural transformation be features? The Economy, Trade & Industry Ministry has established a public-private commission to deliberate following-generation strategies for the automotive industry. The commission's aim is to work out policies for propelling technological innovation in electric cars (EVs), fuel-cell cars (FCVs) & other electric-powered cars & for winning out in international competition. The automobile industry has entered a phase of innovation — considered a "once-in-a-century" change — as seen in such developments as the shift to autonomous driving & electric-powered cars. The foundress of the public-private commission which focuses on promoting the Growth of EVs & FCVs as its core themes is well-timed.

Customer trends which would shape the automotive industry in 2025

In the coming years, the changes in user preferences, environmental conditions & trial driven segmentation going to reshape the automotive industry. with 2025, it would be all about the travel trial, & less about passive ownership of cars. • standard four: Fully autonomous cars which drive, & ensure security with monitoring all conditions. Some autonomous car functions have indeed become obtainable from high-finish carmakers. The sharing economy which is based on the pay-per-Utilize service model has too caught up in the automobile industry.

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collected by :Catlin Logan