The Future of Technology Series is back.
The past few years have seen an air of uncertainty rise in the automotive industry. After celebrating its resurgence in the first half of the decade the tide has turned and conversations on the demise of the sector are increasingly common. The industry faces many challenges, from increasingly difficult-to-meet environmental targets, the banning of technologies, lack of public trust, not to mention Brexit.
But is the automotive industry really nosediving into a bleak future, or are we riding high on a wave of commercial opportunity? Future bans imposed on traditional ICE technology have been complimented by a monumental increase in the investment in the UK’s electrified supply chain. Brexit discussions are yet to conclude what the trade barriers will look like in the future, but could this offer hidden benefits for the UK?
Despite all the noise – the UK automotive industry is still ploughing ahead at a faster rate than ever. New ground breaking technologies continue to be developed, UK based organisations are still breaking into new overseas markets, while the zero emission 2040 deadline is accelerating the development of alternative technologies.
There is a lot happening and the industry is changing in a dramatically. What do you think? Are we digging the grave for the automotive industry, or digging a goldmine of opportunities?