NEW YORK ( TheStreet) -- For the first time in over a century, automobiles are the center of innovation.
Early in the 1900s we had the Stanley Steamer and even electric cars on the road. Scale and consolidation led to today's standards of enclosed cabs with gasoline-powered engines, controlled with a wheel and pedals, made by a handful of global giants.
It's all about to change.
There are three avenues of change -- how the car is powered, how the car is controlled and what the car is made of. Both big and small carmakers have to navigate through this changing world.Power The most obvious change will be how cars are powered. What used to be a choice between gasoline (which is like alcohol) and diesel (which is more like cooking oil) is rapidly being transformed by the rise of the electric car and the vibrant hybrid market. We now have four choices for electric-powered cars. Tesla (TSLA) refuses to die,
ControlCalifornia became the second state to legalize driverless cars last month,
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