Automakers and suppliers of automotive technology are making big moves toward transforming the very nature of vehicles and the amount of fuel they consume.
Electric vehicles and self-driving cars are gaining strong support from investors, venture partners, government officials, shareholders, and customers.
But how close are we to seeing these electrified, autonomous, advanced vehicles on our roads? Carmakers have embraced ambitious electric vehicle targets, and autonomous vehicles are expected to take a step forward next year in an instrumental U.S. market.
Last year, automakers were surprised to see Tesla take nearly 400,000 pre-order down payments for its upcoming Model 3 electric car. That move, along with increasing government pressure in the post-“Dieselgate” environment, spurred competitors to commit to ambitious, capital-intensive EV targets over the next decade.