The automotive industry is witnessing a significant evolution – a shift from traditional, combustion-engine models to an era dominated by electric and autonomous vehicles. The advancement in technology and the push towards environmental sustainability is driving this transition. A report from the International Energy Agency predicts a rise to over 100 million electric cars on the road by 2030.
Apart from being eco-friendly, electric cars like Tesla have proven to be efficient and cost-effective in the long run. The self-driving feature, combined with energy efficiency, sets a new benchmark for the future of transportation.
Autonomous or self-driving cars, on the other hand, promise to revolutionize our transport system by improving safety, reducing congestion, and freeing up time for passengers. With companies like Waymo and Tesla dominating this space, the future looks bright. Despite various challenges, the size of the global autonomous vehicle market is expected to be $556.67 billion by 2026, up from $54.23 billion in 2019. Explore more about these technological marvels on https://csicop.com