At least that's the big takeaway from the latest auto trend report by investment bank Goldman Sachs. "The global automobile industry is on the brink of a major transformation," Goldman Sachs writes. "Technology is driving this shift, shaped by demographic, regulatory and environmental pressures -- by 2025, the car and the world around it will look quite different."
Here are several trends Goldman sees shaping the future of driving.
More Electric Cars
Due to concerns about pollution levels among developed countries, global automakers such as Ford (F - Get Report) and General Motors (GM - Get Report) will likely make a huge push to get more electric cars on the road. By 2025, 25% of cars sold will have electric engines, up from 5% today, Goldman Sachs estimates.
Better get those supercharger stations rolled out quicker, Tesla.
The Extra Light Vehicle
In order to boost miles per gallon and meet new government emissions standards, automakers will focus on making vehicles even lighter. Unfortunately, using newer materials such as aluminum, high-tensile steel and carbon fiber reinforced plastic will be more expensive.
Cars Without Drivers
Goldman Sachs makes a bold call on autonomous driving. It believes the first commercially available semi-autonomous cars could be on the road within the next two years.
Imagine what roads will look like by 2025.
Cars That Are Basically Computers
"While a car may not be a mobile phone, these businesses' focus on design, ease of use, automated assistance and battery life will bring new kinds of innovation to the field," Goldman Sachs predicts. Goldman also thinks cars will finally be able to communicate with one another, which will help reduce traffic congestion and accidents.
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