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The way forward for the standard automotive business is in question. Urbanization, altering shopper expectations and emerging digital technologies are forming a brand new mobility ecosystem and setting the stage for immense innovation. Maintaining pace requires incumbents to rework by growing new enterprise fashions and companies – and at unprecedented speeds. Success will rely upon their means to radically shift work practices and culture; firms must assume like a start-up, tap into new expertise and have interaction the customers of tomorrow. EY’s deep understanding of recent applied sciences and innovation, our numerous network of cross-sector players and asset-based approaches allow automotive and transportation companies to commercialize new businesses and revenue models and future-proof their companies for tomorrow, today.
What if your automobile consumed carbon monoxide as an alternative of spewing it out? Simply such a car was unveiled finally month’s SAE Congress in Detroit, which showcased some thrilling inexperienced traits in the automotive business. BMW stole the highlight with its hydrogen-powered 7-series sedan that emits much less carbon monoxide than is present in its surroundings. The automobile’s engine breaks down and converts carbon monoxide, essentially cleaning the air as it is driven.
It’s definitely true that Hydrogen fueled vehicles have some crucial hurdles to overcome, however developments like this infuse the trade with an uplifting breath of fresh air. BMW at present has no plans for manufacturing, however the sedan marks certain indicators of future-forward pondering.