Why is this so important? The automobile market is 5 times larger than the smartphone market, and automakers wield enormous political clout. Some experts are already betting on the collapse of giants such as GM and Ford. What is causing this chaos? This is due to a triple change: Electric Vehicles (EV), Artificial Intelligence and Connectivity.
Legacy automakers are scrambling to catch up, and Tesla already dominates the EV market. Software-driven autopilot is a perfect solution for startups where larger players are slow to integrate similar technologies.
In short, every year more companies will enter the market and start offering more advanced technologies. In such cases, the more conservative Mercedes and BMW may begin to lose their positions.
Source: Ferra
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