5 Predictions For The Auto Industry In 2025

Automotive and Transportation Automotive and Transportation

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5 Predictions For The Auto Industry In 2025

^{Published on 2024-12-31 07:21:27 - Forbes}

Imaging the future helps to guide strategic planning and investments. Here are five (5) such predictions to help with creating a plan for 2025.

The article by Steve Tengler on Forbes outlines five predictions for the automotive industry in 2025. Firstly, electric vehicle (EV) adoption is expected to surge due to improved infrastructure, more affordable models, and government incentives, with EVs potentially accounting for 20-25% of new car sales in key markets. Secondly, autonomous driving technology will see significant advancements, with Level 3 and Level 4 autonomy becoming more common, although full Level 5 autonomy remains elusive. Thirdly, there will be a notable shift towards subscription-based services for features like advanced driver assistance systems (ADAS), infotainment, and even performance upgrades. Fourth, the industry will continue to face supply chain challenges, but innovations in manufacturing and material sourcing will help mitigate these issues. Lastly, traditional automakers will increasingly partner with tech companies to enhance their software capabilities, aiming to stay competitive against new entrants like Tesla and tech-focused startups.

Read the Full Forbes Article at:
[ https://www.forbes.com/sites/stevetengler/2024/12/31/5-predictions-for-the-auto-industry-in-2025/ ]

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