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5 Trends Transforming the Motoring Industry in 2021

5 Trends Transforming the Motoring Industry

For the past year, time has in some ways stood still. You will have seen less mileage on your car, seen fewer family members and friends and undoubtedly spent hours on your sofa bingeing the latest trending show on your favourite streaming service. 

While all of this has happened, the innovative minds behind the leading vehicles on the market have been shaping your driving experience future. From the eco-friendly electric vehicle to the next high-performance car, the cogs have kept turning. 

Here are 5 top trends to look out for that are transforming the motoring industry in 2021.

The rise of the autonomous vehicle

Advancing technology for some is the elephant in the room. The reality is, autonomous vehicles or self-driving vehicles are no longer a Science Fiction story. They are part of what our real-life future is shaping up to look like. 

In October 2020, the UK got its first taste of what the next stage of motoring has to offer in Project Endeavour – an Oxford-based government-backed initiative ran by Oxbotica. The scheme seeks to “accelerate and scale-up the adoption of autonomous vehicle services across the UK.” As far as the world is concerned, the trial was a success.  

According to Graeme Smith, Oxbotica’s VP, “this project is about far more than just technology; it is about helping our cities and local authorities prepare for autonomy and to begin thinking about how to deploy it in such a way that helps urban planning and reduce congestion.”

Packed with a tonne of advanced recognition technologies, such as the AI-enhanced computer that identifies any obstacles along the route, AVs can navigate roads far better than you or I. 

So there you have it. With an aim to minimise the need for human drivers, reduce accidents due to fatigue, and transform everyday transportation, it looks like autonomous vehicles are here to stay. 

It’s all about connection

Today, you’d be hardpressed to find a vehicle that doesn’t come with a tamper-proof digital identity. Easily tracked by insurance companies and there to improve driver safety, fleet management, and more, your car essentially has its own unique DNA in the network.

Our world is run by an undercurrent of data. Monitoring everything from the individual customer to how cars interact with traffic management infrastructure, your vehicle is connected to the mobility ecosystem. 

In short, the motoring industry is working hard to create an environment between home and workplace, all from the front seat of your car. 

Tesla and the gang

Electric vehicles (EVs) have been causing a stir in the motoring world for the past decade. Governments are no longer ignoring the high cost of traditional combustion engines. Instead, they are tackling emissions head-on through various initiatives. 

London’s Ultra Low Emission Zone (ULEZ) has repeatedly hit the tabloids since its debut in April 2019. Charging motorists that don’t adhere to the strict Euro emissions standards has already seen a significant decline. There are less harmful, health impacting toxic fumes citywide. It has become a world-first scheme that is helping shape a zero-emissions future. 

The whole UK is preparing for a countrywide ban on diesel and petrol vehicles from 2030. The countdown has begun to get your hands on the best EV money can buy. A lot has changed since the introduction of the Prius. EVs are svelt, stylish and can reach far further than ever before thanks to the likes of Tesla. 

Want to get your hands on the next EV model? Find out what handpicked, tailored finance package is best for you. 

Sharing is caring

Businesses that operate by using managed fleets or shared vehicles are stepping away from traditional vehicle ownership. Why? Because reducing the cost of mobility encourages more efficient use of expensive mobile assets. 

Like the rest of the world, businesses need to be on board with the progressive, energy-efficient way the industry is headed. Rather than adding new vehicles to your fleet, it’s much easier to meet the requirements of the city or town you are operating in – such as low-emission schemes seen in London, Oxford, Bristol and more. That way, you avoid add-on city taxes and can take advantage of current plug-in schemes that are in place to boost your existing vehicle pool. 

Interaction  

The motoring industry soars towards self-driving and connected cars. You can expect changes in how you interact with your vehicle. Not unlike Alexa, cars will be installed with human-machine interfaces (HMI) which use your voice or haptic feedback to operate. 

The driver experience will fundamentally change. The emphasis is now on enjoyment. Extra safety and more clarity between interractions with your vehicle is of high importance. Talking to yourself in the car is the new normal. Except your car is actually listening to you!

The motoring industry is changing rapidly. Gone are the days when a clapped out banger was enough to get you from A to B. As we move further into 2021, EVs will become more common on our roads. Technology advancements are about to go to another level. What will your future car look like?