The past few years have been extremely challenging for the mobility industry. Stakeholders have struggled with intensifying competition, global economic slowdowns and depressed consumer demand. C.A.S.E.—Connectivity, Autonomous Driving, Mobility Services (including Shared) and Electrification—has unleashed disruption across the ecosystem. The COVID-19 crisis has accelerated this process of transformation, while offering stakeholders the opportunity to reset their future in the direction of sustainable models of innovation-led growth. In keeping with such trends, the theme for Intelligent Mobility 2021 is “Innovating to Zero.”
Steep declines in oil prices induced by the crisis were expected to weaken electrification roadmaps. However, lockdowns in various countries underscored the perils of poor air quality, adding impetus to pre-pandemic initiatives focused on renewable, green energy. Accordingly, Electrification and Autonomous trends gained momentum, although concerns over infection risks negatively impacted the sharing economy. Players responded nimbly, adopting flexible delivery-of-everything business models.
As the ‘new normal” continues to unfold, the vision of “Innovating to Zero”—Zero emission vehicles, Zero waste, Zero accidents, Zero defects, and Zero carbon emissions—will pick up pace.
Electric vehicles will spearhead the drive towards cleaner, carbon-free mobility on the back of advances in charging infrastructure and novel battery technologies like solid state batteries. This will be reinforced by new models like battery swapping and pioneering platform architectures like the dedicated skateboard platform.
Simultaneously, cost, technological and infrastructure breakthroughs will spotlight hydrogen’s potential as the fuel of the future. The mainstreaming of hydrogen applications in the carbon-intensive automotive industry will address concerns over climate change threats. Hydrogen fuel cell and infrastructure development will catalyze the transition to a sustainable energy economy.
Meanwhile, autonomous vehicle development will focus on innovating towards a future of zero accidents and zero fatalities. Connectivity will similarly support safer driving experiences and improved vehicle performance, while enabling a range of in-vehicle services.
Efforts to align revenue/profit imperatives with sustainability goals will be anchored in circular economy concepts. “Reduce, Reuse, Recycle” “practices will target carbon neutrality and zero waste. Shared models like ride-hailing, car-sharing and Mobility as a Service will promote higher vehicle utilization and more responsible resource consumption.
2021 could well be Year Zero for the mobility industry, a chance to reshape the future and create long-term value by “Innovating to Zero.”
With the COVID-19 crisis continuing, the 13th edition of Frost & Sullivan’s flagship Intelligent Mobility Summit 2021 will be held online this year. The two-day strategic summit—”Intelligent Mobility: Innovating to Zero“—will feature curated webinars, insightful panel discussions, and other online events. It will bring together industry thought leaders, policymakers, investors and innovators on a single digital platform, with participants having the opportunity to virtually access the discussions from the comfort of their homes/offices.
We look forward to having you at our digital Intelligent Mobility 2021 Summit.