According to the Pew Research Center, 88% of American households have a car. At about 128 million households in the U.S., that means that there are over 112 million privately owned cars in garages, driveways, or parked on the street right now (not to mention the Jay Lenos of the world who own almost 200 cars).
Gasoline-powered automobiles won’t be vanishing from roads anytime soon, certainly not within the next decade. But when it comes to a car’s carbon footprint, combustion engines have already been surpassed by Battery Electric Vehicles (BEVs) and Fuel Cell Vehicles (FCVs). These two vehicle types produce zero tailpipe emissions, discharging only water vapor and warm air.
Similar to what’s happening in the appliance industry, the Internet of Things is poised to take a foothold in automotive and is already having a significant impact on manufacturing and design. There are more major changes happening to the interior of automobiles—more so than the exterior—especially with Human Machine Interface (HMI) or User Interface (UI)
Electrification in the automotive industry is no longer a trend on the cusp; it is now a reality. But just how big is the market? Electric vehicles are moving beyond their nascent period with respect to technology, but they are still far behind in terms of production scale—especially in North America. China has, by far,
Although the future of government mandated fuel efficiency standards may be in doubt, fuel-saving technology is here to stay. Consumers are increasingly conscious of both the environmental impact of and the cost of fuel for their daily driving. Further, fuel-saving innovations are not just design decisions to make the vehicle more fuel-efficient, but actual technological
Overseas aircraft manufacturers and MROs face hurdles entering the Chinese market China is currently the second largest domestic aviation market in the world, in addition to being the fastest growing market with a year over year 9.5% passenger traffic growth rate. China is expected to take over the number one spot in the near future
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