The auto industry is facing seismic changes with the rise of electric vehicles, automated driving and car sharing, and adapting to these will eclipse even big mergers such as PSA's purchase of Opel, executives at the Geneva auto show said.
Just as geese fly south in the winter, metal conducts electricity, and tides rise and fall at the will of the moon, a luxury-laden SUV that rivals yachts for sticker price is guaranteed by all of science to become a premium brand’s best-seller.
A few years ago, you could venture into some beneficent municipality and find — in the public garage, or the library car lot, or right in the middle of Main Street — a couple of plug-in electric vehicle (PEV) charging stations. These cities, along with college and corporate campuses, were demonstrating their commitment to preserving the environment, offering free power and prime parking to those citizens who were willing to spend a lot of extra money for a low-range, underpowered, unsexy vehicle. Those charger-augmented spots were often empty, simply because there weren’t enough PEVs on the road to fill them.
Alphabet Inc's (GOOGL.O) Google self-driving car project recast itself as Waymo on Tuesday, an independent entity within the technology giant, as executives suggested the company is close to bringing its autonomous driving to the public.