The presence of artificial intelligence is strongly felt in the automotive sector, as more and more cars are equipped with AI chips. The addition of AI is changing how we drive and enjoy our cars, from AI-assisted driving to fully-automated driving. It is also bringing more functions to our vehicles, like having a digital assistant for booking hotels and reserving restaurants.
On the other hand, AI is making waves in the realm of public transportation. Car manufacturers, tech companies, and public transport groups are working together to bring automated public transports from the comics into reality. These groups plan to have working prototypes available within the year.
Interconnected Vehicle Networks
With the advancement of technology, people and cars are becoming much closer to each other. Car manufacturers are working with tech companies to create networks for vehicles in the aim of interconnection. This technology allows vehicles to detect each other, and the environment avoids crashes and driving risks.
Some companies, particularly in the delivery industry, also use this technology to manage and monitor their line of vehicles. The feature provides the fleet manager information on driving habits for improving and developing their drivers.
Stronger Presence of EVs
EVs, or Electric Vehicles, are expected to have a stronger and more prominent presence in the automobile market. Changes in the industry suggest a sales boost for the segment, mainly due to stricter rules on vehicle emissions. And with people becoming more conscious about the environment, EVs are becoming more of an option to consumers.
Another contributing factor to the projected rise of EVs is the expanded lineup for the car segment. More and more car manufacturers are making their electric vehicle models, with at least 43 models coming out this year. The boost in competition suggests a sales growth of almost 40% from the previous year for the EV segment.
While the technology under the hood is advancing the need for auto insurance will also be prevalent. Consult an agent today to see your car insurance options.
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