AAPL - Automotive Industry Current And Long-Term Future Outlook

Key long-term trends are underway in the automotive industry. There will be a major transformation over the next decade. Technology is significantly advancing for vehicles. Through the year 2030, we are likely to see an increasing amount of electric vehicles on the road. There is also likely to be more autonomous vehicles and ride-sharing.

According to a PwC report, there are five main trends that will transform the auto industry through 2030. They are summed up in the acronym ‘EASCY’: electrified, autonomous, shared, connected, and yearly updated.

Current State Of The Automobile Industry

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