The mobility industry has been rapidly evolving so does the transportation sector. During the 9th edition of ETAuto EV Conclave, Akhilesh Tuteja, Partner & National Leader, Clients and Market and Technology, Media & Telecommunications (TMT), Global Head – Cyber Security, KPMG in India delves into transportation evolution.
He further highlights five axes of transportation evolution; speed, efficiency, convenience, engagement, and ownership. The evolution is driven by technology, consumer preferences, regulation, and infrastructure. He further states electrification, ADAS (Advanced Driver Assistance Systems), and connectivity are new transportation technologies.
Key Elements of transportation-
1) EVs- EVs or electric vehicles which are rapidly being promoted by the government of India is facing a lower adoption rate than expected, around 10%.
2) ADAS- He further mentioned how the ADAS market, which is smaller, is still increasing rapidly with real-world implementation limited.
3) Connectivity- The whole world is now like a web connected to one another, so is the auto industry (cars). 75% of new cars globally are connected to the internet, a trend that’s also growing in India, but still relatively slow, stated Tuteja.
Further explaining this through an example, he mentioned the evolving robotaxis such as Waymo are the best example for this. Through this the whole transportation industry is transitioning to fully autonomous vehicles though it is much slower.
Upcoming trends
Tuteja further dives into the upcoming trends such as EV infrastructure expansion, smart manufacturing that is produced through ‘smart factories’, and shared mobility.
However, he also mentioned the trends which can be observed in some decades such as flying cars, shape shifting cars, 3D-Printed cars and hyper personalised vehicles, V2G (Vehicle to grid) technology, and many more.
The shape-shifting cars refers to a futuristic idea where cars could change their shape to serve different functions. The idea of EVs that could not only consume electricity but also infuse power back to the grid to help with energy storage and distribution is Vehicle-to-Grid (V2G) Technology. 3-D printed cars talk about the idea of cars being printed as per requirement or highly personalised in factors such as design.
Challenges
To make all these transitioning mobility technology a reality, the country has to eye or prevent data leak of the customer, work as per the ethics, and many more.
1) Data Security- With the evolving connectivity in cars and vehicles, data privacy breach issues have been observed. Thus, issues around tracking, data leaks, and cyber crimes is now the need of the hour to address.
2) Ethical Dilemmas- With the evolving technological advancements, autonomous vehicles will now have to face certain challenges such as complex moral decisions. For example, whom to prioritise in the case of an accident (pedestrian vs. driver).
link