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GROWING BUSINESS

Carmakers race towards a sustainable future

The automotive industry is shifting gears as it drives towards a greener, smarter future that is electric, connected and autonomous

Charlotte Ricca

02/02/2022

The European Union (EU) has set an ambitious target to reduce emissions by at least 40% by 2030. 

As a result, transportation is becoming greener and smarter. Europe saw the best two months of electric vehicle (EV) sales in January and February 2020 – before Covid-19 ground the car industry to a halt. 

But things are on the up. Frost & Sullivan remains bullish about a short to mid-term recovery in global sales, and estimates that by 2025 around a third of the total passenger car market will be accounted for by EVs. 

Intesa Sanpaolo is supporting the transformation of the automotive sector as it embraces technology that is electric, connected and autonomous.

Autonomous
All cars will offer at least some autonomous features by 2029, but the overall shift toward a driverless car is taking longer than the industry expected. OEMs are in the process of adopting “L2+” technologies, to bridge the gap between L3 and L4 solutions, which offer higher levels of autonomy. 

The slow transition to autonomy is seeing auto makers shift their focus to shorter-term gains such as new plug-and-play solutions. 

OEMs are also focusing on emerging service areas such as autonomous shuttles and car-sharing businesses, which offer more convenience while reducing costs, congestion and carbon emissions. Some of the major players have begun flexing their muscles in driverless trucking, unveiling prototypes with increasingly sophisticated levels of autonomy. 

In the agricultural sector, innovations often blur the lines between vehicles and robotics. Naio Technologies, from France, has developed an autonomous weeding robot, while Monarch in the US recently launched an autonomous and 100% electric tractor.

With this renewed focus on sustainability, automakers have prioritised developing transformative, digitally driven business models and value-added services that will create a more resilient future for the industry.

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