The Future of Auto Industry: Technologies and Main Factors

Where is the auto industry going

Abstract

The global auto industry is poised for numerous changes as the world braces itself for a society with more cars than ever before. Currently, statistics show that the population of young people is 1billion globally. This means that in the nearest future, almost 1 billion cars will be injected into the already crowded market for use. Therefore, it is obvious that the type of vehicles driving on the roads will be radically different from the one available currently. Major global automakers are investing billions of dollars into research projects aimed to producing vehicles with low carbon emission effect and smart gadgets and widgets that will be user friendly and extremely safe. Smart gadgets that are already in use include lazar headlights with 500 miles lighting ability, external airbags, improved colors, nanotech coating, and improved winds screens and optics. Furthermore, companies are testing nanotech self-cleaning fabrics or upholstery that would not require regular cleaning. Fuel is a major factor driving the automobile industry. Hybrid cars are in the market although the efficiency of the electric battery used to power these models is still in question. Similarly, carmakers are exploiting the efficiency of hydrogen fuel cell and solar energy as an alternative to fossil fuels. In the paper, the focus is to explore the forces shaping the auto industry and the way the industry will look like in future.

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Introduction

Since the Industrial Revolution, the automobile industry has experienced massive changes. The latter have been largely driven by factors such as customer needs, fuel consumption and efficient among others. Major global automakers such as Ford, Volkswagen and General Motors have been in the forefront of designing innovative cars that meet the customers’ expectations as well as environmental needs. For some time, the automobile industry was driven by factors such as consumer needs, engine efficiency, environmental and fuel/energy factors among others. Of the factors listed above, fuel has a major impact on the auto industry in general. The recent fuel shortages and the desire to achieve certain environmental goals have brought many changes in the motor vehicle industry. Energy, especially use of fossil fuels, contributes significantly to climate change. Recently, governments’ pressure, especially from the EU, has forced car manufacturers to reduce emissions per car. Currently, most new brands only emit 95gm of CO2 per kilometer down from 150 grams of CO2 per kilometer (Gao, Hensley, & Zielke, 2014). Similarly, advancements in technology are another factor that has brought changes to the automotive industry in numerous ways. As any other sphere of life, technological innovation has improved the quality of cars in many ways ranging from safety features to comfort. Currently, top automakers such as Tesla are in the race to pioneer what would be known as the “Iphone car,” a type of a car that will have smart gadgets and widgets. Furthermore, some carmakers are carrying out tests on a car that will drive itself with superior safety features such as the external airbags. In brief, attitude to the current auto industry in relation to the forces that shape the industry reveals that future automobiles will have enhanced safety features and limited in CO2 emission as well as will be smart and user friendly. The nature of the automotive industry is set for major changes. However, with the advent of technology, it remains to be seen whether politics, fossil fuels, and environmental factors will still drive the auto industry.

Types of Vehicles or Transportation in the Future

The world must address the issue of fuel shortages and find alternative sources of energy, and better ways of conserving the remaining fuel. The automobile industry is an ever-growing sector, which aims at producing more fuel-efficient vehicles. It is obvious that to save fuel, all vehicles must become more efficient by becoming either lighter or, in some cases, smaller. These changes will ultimately transform the types of vehicles used in the future. The types of vehicles used alone may not be able to solve the issue of fuel shortage and understanding the alternative types of transportation to be used in the future (Hirsch, 2015).

Computer-Operated Vehicles

In the future, robots and computers but not human beings will be responsible for the assembling of vehicles. This will improve the automobile industry because it will boost the production of high-quality and fuel-efficient vehicles (Ehsani, Wang, & Brosch, 2013). Humans will only be responsible for the supervision of the processes because technological advancements will not require human intervention. Additionally, computers and robots will be in charge of driving vehicles instead of people. The computers will not only coordinate different parts of the car but also communicate with other cars to avoid accidents. Moreover, the computers will ensure that the vehicle uses as little fuel as possible and minimizes emissions. They will also detect faults with the car and send message to the owner to fix the parts for the vehicle to be as efficient as possible.

Another type of vehicles in the future will be hydrogen-powered vehicles. The solar technology will have advanced to the level where vehicle bodies will be made out of solar panels (Seliger, 2012). This means that the vehicles would be able to absorb solar energy and use it as it moves from one point to another. The most significant fact will be that people would not be able to tell the difference between regular cars and the solar vehicles.

Electric Vehicles

The first prediction is the use of an electric vehicle. Its usage will not only save on fuel but also help to conserve the environment by reducing the amount of carbon emission to the environment. Although the electric cars already exist, they are few in numbers and still need development. They will change the types of vehicles used from big cars to smaller ones (Carson, & Vaitheeswaran, 2008). Electric cars use rechargeable batteries installed in the car. They may be under the vehicle or in the trunk. The batteries not only power the vehicle but also function to provide lights and enable the wipers among other things. An electric car looks like an ordinary vehicle from the outside apart from the fact that it lacks an exhaust system. It is, however, different in the inside due to the absence of a gas tank. Additionally, an electric vehicle has more rechargeable batteries than those found in a normal car. The batteries store energy used for powering the automobile. The car also has a regulator on the batteries, which ensures that the energy produced and consumed by the vehicle is constant to prevent the batteries from burning out.

Green Transportation

Adoption of green transportation is another significant option that will be adopted in future to reduce fuel consumption. Green transportation is an eco-friendly form of transportation that does not have harmful impacts on the immediate environment. It involves the utilization of resources in both active and efficient manner as well as making healthier traveling choices. Currently, individuals can practice green transportation in numerous ways. Most people find it more convenient to drive their private cars to offices or to the marketplace. Since most people are good citizens, they opt to use alternative means of transportation other than their vehicles. One of the most effective ways of green transportation is walking. In future, most people will prefer walking in case the places they are going to are not a long distance. An obvious example is that people can walk around the campuses, to the grocery shops, at work, and other places (Sun, & Deng, 2013). This will not only promote green transportation but also help solve the issue of fuel shortages. The second way of promoting green transportation is using bicycles. It is better than walking because it is faster, has a law coast, and is a healthy exercise. It is obvious that to maintain a bicycle is cheaper than maintaining a car.

The use of public transportation is another way of promoting green transportation. It gives people energy-efficient choices. The use of public transportation reduces the overall consumption of fuel, but it does not reduce the mobility of people or the quality of their lives. Private vehicles increase the cost of fuel as well as the consumption rate of fuel as a natural resource. The use of eco-friendly hybrid and fuel-efficient taxi is the green transportation option and prediction of transportation in future (Hu, 2012). In addition, people may have to adapt to the use of multiple occupants’ vehicles to save on fuel as well as to promote green transportation. Multiple occupants’ vehicles are suitable when friends, relatives, and other people use one car when going in a similar direction. It is more economical for five people to use one vehicle because it saves on fuel as well as money.

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The Use of Hybrid and Fuel-Efficient Vehicles

Another prediction is the use of hybrid and fuel-efficient vehicles as a way of reducing the usage of fuel as a resource. A hybrid vehicle uses more than one form of onboard energy in order to achieve propulsion (Gao, Hensley, & Zielke, 2014). In short, a hybrid car will have the traditional internal-combustion engine as well as a fuel tank and an electric motor and batteries. It is significant to distinguish hybrid cars from electronic ones. These cars have the ability to reuse energy by collecting it with electronic bits. As much as the cost of producing hybrid cars will be expensive, countries will have to use them to save on fuel. There also will be more vehicles with stop-start systems. Hybrid vehicles start using beefed-up starter motors and batteries or capacitor, but they do not have a two-power system as hybrid vehicles do (Barbosa, Hattingh, & Kloss, 2010).

Factors Shaping the Automotive Industry

Numerous factors have spearheaded changes in the automotive industry since time in memorial. Some of them include technology, politics, limited resources, government rules and regulations, and safety needs (Jones, & Mayfield, 2016). The factors have shaped the industry to what it is today and what it will be in the future. The fact that fuel is a limited resource is one of the factors that have brought numerous changes to the automotive industry. Multiple people argue that the fossil fuel reserves will run dry faster than most people expect. For this reason, countries should use alternative energy sources such as renewable ones to help preserve the remaining oil (Jones, & Mayfield, 2016). Technological advancements have brought numerous changes in the world in the automotive industry. The industry will further grow due to high-tech equipment. Some of the advancements include telematics, a system that provides the drives with instant safety, as well as communication and security services. Voice, vehicle failure detection, and direction systems are also in place to improve automobiles (Barbosa, Hattingh, & Kloss, 2010). Numerous politicians have become more vocal about the use of alternative energy sources other than oil or fossil fuel. Additionally, the politicians have been able to set aside funds that help to develop the automotive industry. Certain rules are also in place to protect the road users, care for the environment and oil as a natural and nonrenewable resource.

The Car Business in the Next 10 to 20 Years

In the next ten to twenty years, there will be many changes in the car business. To begin with, the problem of fuel shortage has led numerous countries to rethink about alternative sources of energy other than fuel (Barbosa, Hattingh, & Kloss, 2010). Different countries advocate for the use of renewable energy such as electric power, hydrogen fuels, wind, and solar. It is obvious that the automotive industry will also lean towards renewable sources of energy.

Technology

In the next ten to twenty years, the cars made will be more sophisticated because of the technological advancements. Future cars will be connected in such a way that it will be able to monitor their parts and ensure safety. They will also have the ability to communicate with other vehicles because there will be a more intelligent infrastructure (Barbosa, Hattingh, & Kloss, 2010). In the same manner, the industry will use better ways of conserving fuel or using renewable resources. The car business will also be more coordinated because vehicles will have certain features to be roadworthy (McAlinden, 2012). They will be more of integrators of numerous technology and data centers other than metal boxes. Every vehicle will become a center for receiving and transmitting information about safety and efficiency. In addition, cars will be electronic and less mechanical; therefore, they will be able to save on fuel. China, for example, has advocated for the use of electric vehicles other than continuing depending on oil from other countries. The country understands that burning coal may leave large carbon footprints; however, it has chosen the method to save on the remaining fuel. In the next ten to twenty years, there will be self-driven or autonomous vehicles, which will not only improve the users’ safety but also save on fuel. Currently, human error contributes to approximately 90 percent of accidents that occur (Jones, & Mayfield, 2016). The existence of autonomous cars will reduce accidents because the cars will be programmed never to crash. The cars will be able to ease congestion or traffic in the city thus saving on fuel as well as commuting time for people.

Regulations

The car business will also have stiffer rules and regulations in the next ten to twenty years. The government will have to install more rigid rules in the car business to reduce fuel consumption or advocate for the use of alternative sources of energy. The growth in the vehicle-user restrictions will grow due to not only the need to conserve the fuel but also increased urbanization. The rules will no longer focus on the automobiles themselves but on the social impact of the vehicles across a product life cycle. The “well to wheel” approach will give the concerned authorities the mandate to make integrated assessments of the coast as well as the effects of the processing, delivering a fuel source to the vehicles, and extraction (Ayres, & Ayres, 2009). The regulations will verify the manner the cars use the fuel or energy and the generation of emissions by the same car. In addition, governments will be able to have regulations, which will create new opportunities other than the traditional way of accessing competence. Apart from the laws that focus on automotive, the government may implement rules in support of green transportation. Green transportation is already taking place in individual institutions and companies; however, in order to save on fuel, more implementation is necessary. The government may order people to walk on certain days of the week or use bicycles in order to reduce emissions and fuel consumptions. All these initiatives will affect the car business negatively because people will use them as freely as they currently use them.

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Car Sharing

Car sharing is another trend that will affect the car business in the nest ten to twenty years. Also known as carpooling, it means that vehicles will have to forge both benefits and responsibilities of an individual but rather aim to serve more people. With the shortage of fuel as a resource, it is obvious that the prices will go high because of the high demands and low supply. For this reason, more people will opt to carpool rather than use individual cars to save money and others to preserve the remaining fuel. Cars will no longer be personalized items because their ownership will be among numerous people and not just one person. Although the idea of carpooling had just started, numerous people have not accepted it; tough fuel crisis ahead will force people to embrace the practice because they will not have other options. Uber and Lyft are examples of businesses that promote car sharing; however, in the next ten to twenty years, more similar services will emerge (Heinberg, 2015). Additionally, some people believe that in the future, very few people will own cars the same way that people do not own horses nowadays. Individuals would presser not to own cars because of the costs that will come with the maintaining and run them. Most people will opt to walk or use bicycles rather than having cars because they will not manage the high costs that come with it. Vehicles will only be owned as luxury products but not a necessity as they are nowadays in most of the developed nations.

The Impending Oil Crisis and How the World Can Overcome It

Oil is the means of support of the modern world. By the year 2009, oil well around the world produces approximately 85 million barrels of oil from the earth, and countries consume the same amount (Princen, Manno, & Martin, 2015). At this rate, it is obvious that it will not take long for people to deplete the fossil fuel out of the ground. Unless people are ready to make a difference, the car business may not be able to survive the fuel crisis. Research indicates that the available oil will only last for the next sixty to ninety years if countries do not change their consumption rates (Barbosa, Hattingh, & Kloss, 2010).

Making a Difference Through Politicians

Numerous politicians have come out strongly to advocate for the use of alternative sources of energy regardless oil in order to conserve it. They understand the fact that lack of petroleum will bring the world to its knees, and for this reason, drastic measures need to be taken to preserve fuel. President Barack Obama has been one of the leaders who strongly advocates for the use of renewable sources of energy or other sources such as coal in the United States. America imports approximately $700 million worth of fuel on a single day, from some of the most hostile and unstable countries in the world today (Han, Park, Jia, & Yeo, 2013). With nations such as China and India growing rapidly, there will be stiff competition and demand for the same commodity. For this reason, politicians encourage their countries to take advantage of the technological advancements and science to create new sources of energy that will be clean, sustainable, affordable, and renewable. To further support the car industry, some politicians have donated vast amounts of money towards research and development of fuel-efficient cars (Ball, 2007). In the same manner, governments have set aside large sums of money for the purpose of research and development in line with the area of renewable energy. States have also come up with better public transportation systems to make people feel more comfortable using these as alternatives to private vehicles.

Drivers and Vehicle Owners

Making a difference in the automobile industry focused on fuel requires political, technological and drivers’ intervention. It is vital to note that drivers highly contribute to the rate at which vehicles use fuel. To make a difference, drivers should understand certain do and don’ts. To begin with, they should not have over speed. A car traveling at a velocity of more than 90 kilometers per hour reduces it fuel efficiency. The reason is that the engine does not get to combust all the oil. The car should also not go at low speeds because lower gears tend to use more fuel. For this reason, a vehicle is the most fuel-efficient when operating at speeds between 60 and 70 kilometers per hour (Ehsani, Wang, & Brosch, 2013). Secondly, drivers and other car users should plan their route to avoid roads that have heavy traffic or are under constructions as a way of saving fuel. Additionally, individuals should always watch their weights. All vehicles have limited weights that they should carry. Adding extra weight to a vehicle increases fuel consumption. For this reason, drivers should always ensure that they remove any unnecessary weight or items from the car because an additional 100 pound increases the fuel usage by approximately two percent (Ehsani, Wang, & Brosch, 2013).

Another way the drivers can make a difference in the car business in future reducing the fuel consumption is switching off all accessories such as phone chargers, radio, air conditioning and others before turning off the car. Such an act lessens fuel consumption by reducing the engine load for the next time when a person starts up his/her car. It will help to reduce the overall fuel usage for the vehicle. Additionally, drivers should learn to switch off their engines when they are not moving. When the car is running, it uses fuel as compared to when the engine is resting. For this reason, it is advisable for drivers to switch off their engines in traffic to avoid fuel consumption and as a way of making a difference in the automobile industry. Checking the tire pressure is another way of conserving fuel consumption of vehicles. It is a fact that under-inflated tires reduce the fuel efficiency of cars. Canada has been able to save on fuel by ensuring that all light-duty vehicles have tires that are properly inflated. Such an initiative would help countries to save approximately 643 million liters of fuel in one year (Motavalli, 2014). Additionally, it will help to maintain the car thus saving money in general. Another significant way of making the difference in the car business considering the issue of fuel is going for regular checkups.

Drivers and car owners should always ensure that they take their car for servicing to ensure that it is more efficiently; thus, it reduces fuel consumption as well as emissions. Drivers can also make a difference in the car business by learning to make the most out of their transmissions. Drivers who are using manual cars should always shift gently and quickly into higher gears because it ensures that the engines work more efficiently; therefore, they use less fuel. Those having an automatic vehicle should learn to use the overdrive gears when they are driving at a high speed to reduce the workload on the engine. Such actions will reduce the amount of fuel used and cut down the engine wear. Drivers can also use cruise control while driving on the highway. Using cruise control helps the driver to maintain a constant speed thus saving on fuel. In addition, drivers should not be aggressive applying sudden break or accelerating suddenly. These actions will lead to a higher consumption of fuel by the vehicles.

Other Ways of Making a Difference

Apart from the driver, people can be able to make a difference in the car business in other ways. Firstly, companies should invest in technology that helps in the recovery of more oil from the existing oil fields. In addition, oil companies should be able to speed up the process of recovering oil and gas resources in the shale formations in places such as North Dakota, Arkansas, Texas, and in the central and western Gulf of Mexico (Oge, 2015). Such a technology will ensure that companies maximize on the oil wells before they can move on. Another way in which people can make a difference in the car business saving on fuel is working from home. Modern technology and the internet have made communication and interaction easier. Individuals do not have to go to work in their offices when they have high-speed internet in their houses. For this reason, enabling people to work from their homes rather than going to the office daily will reduce the number of people who will be using vehicles as modes of transportation. This will, in turn, reduce fuel usage among people thus saving the car business by preserving fuel. Individuals can also adopt options as means of transportation other than using personal cars such as carpool or using public transportation. In addition, people can also walk to work or use bicycles to save on fuel.

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The Leverage that Fuel Companies Wield Over Oil Production and Its Effects on the Auto Industry

Some people believe that there will be fuel shortage in the nearest future while other have the notion that this issue will not arise because it is impossible to drain all the oil from the earth. The others believe that it is only a matter of time before all the oil wells run dry. This issue has been debated for numerous years, and people may never come to an agreement. The one issue that is not subject to debate is the fact that the fuel producing companies are making lucrative profits, and they have too much control over the production of fuel. If an individual or a group wants to rule the world, the oil should be monitored. Middle East countries, for example, Kuwait, Iran, and Saudi Arabia just to mention a few have the biggest oil reserves in the world today. However, they may not be the richest and safest countries because they do not control the oil. The demand for petroleum rose with the development of automobiles in the 1900s and has since grown (Princen, Manno, & Martin, 2015). After the First World War, Britain shifted from using coal to using oil. The reason for the shift was that fuel was more efficient for vehicles in comparison to coal as a form of energy. Initially, countries that had the strongest army were the most powerful. Nevertheless, this fact is no longer the case because controlling oil gives people more power than having a large army. In this manner, it is evident that the production of oil has affected the motor vehicle industry by increasing the production of cars due to the availability of the fuel.

Currently, countries that have a total control over the world’s oils are the richest because oil has become a new gold (Oge, 2015). It is obvious that the prices have gone up, and they will further increase with the anticipation of shortages in the future. The increase in the price of oil has led to the raise in the price of gasoline. The high price of oil means that a lot of money is flowing from America to other big oil companies. Some of the biggest oil companies around the world include British Petroleum, ExxonMobil, Chevron, ConocoPhillips, Dutch Shell, and Royal. According to research, every dollar spent on gas in the average quarterly price of a gallon of gas corresponds to approximately $200 million increase in the quarterly profits of the oil companies (Dunlap, 2014). It is evident that the big five oil companies make profits according to the prices of oil. If the prices are high, the profits are high and vice versa. One of the reasons oil companies make more profits is that their leaders refuse to indulge in activities that will help people save money at the pump but rather benefit their businesses. An obvious example is the actions of the former Shell CEO, John Hofmeister, who opposed selling a small percentage of reserve oil from the almost full U.S. Strategic Petroleum Reserve in order to lower the prices of oil (Dornfeld, & Linke, 2012). Agreeing to sell the oil would relieve some pressure from the vehicle owners. The reason the CEO refused to sell the oil is that he understood that lowering the prices of oil would mean lower profits for Shell as a company (Dornfeld, & Linke, 2012). It is evident that Shell has been enjoying more benefits as the years go. An obvious example is the fact that in 2010, Peter Voser, the Shell CEO, made a profit of $134 million (Dornfeld, & Linke, 2012). Other CEOs made more, and it is anticipated that they will make much more money with time.

Another reason oil companies make a lot of money is that they understand that people are dependent on oil for almost everything. The companies and the OPEC cartel, therefore, take advantage of this fact to ensure that they get as many profits from people as possible (Tanner, 2014). To avoid the enabling the oil companies from making more profits, countries should think of alternative energy sources such as gas and coal as well as of renewable energy such as sun, wind, geothermal, and water. President Obama has been in support of double vehicles, which are fuel-efficient by the year 2025 (Tanner, 2014). It is believed that having a duel-efficient vehicle, people will be able to save a lot of money thus profit less the massive oil companies. Fuel-producing companies also have a lot of control over the producing of the oil. The main reason they have control is the lack of competition. These companies realize the significance of oil in the world’s economy, and they understand that oil has become a necessity. For this reason, they can set the oil prices so high and know that people will still buy it. This notion has given the fuel producing companies a lot of control over the production of fuel.

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In general, the control of the oil sector by the big oil companies affects the auto industry in numerous ways. First, it is significant to note that petroleum and vehicles are complementary goods because the availability of oil results in high demand for vehicles (Dornfeld, & Linke, 2012). The oil companies play a huge role in the automobile industry because they dictate the fuel prices. If the fuel price is low, there will be high demand for vehicles. The reason is that with lower prices, automobile owners have more disposable income, which makes them afford to buy other cars. When the oil prices go up, the owners have less disposable income, and for this reason, they may not be able to buy additional vehicles. In the US, for example, the automobile sale has increased due to lower fuel prices; however, this does not mean that people are buying fuel-efficient vehicles. Most people are buying bigger cars, which consume more fuel because they believe that larger vehicles have an advantage of space and safety, and it gives them the feel great effect. Another way the control of the oil sector by the big oil companies affects the automobile industry is promoting innovation among the car manufacturing firms. When the prices of oil reduce, the demand for cars goes up, increasing the profit margins of the automakers. Most of the automakers take advantage of the profits made to invest in strategies that improve the fuel efficiency of their vehicles. These companies do this because they believe in the production of vehicles that will comply with the greener standards advocated by most other companies in the world nowadays.

The Ways of Changing the Control and Profits Made by Oil Companies

Implementing and adapting to changes in the oil industry may be difficult due to a number of reasons. First, the oil companies will not agree to give up their control over the production of fuel because of the profits that come along with it (Dunlap, 2014). Since most of the oil companies have been enjoying high profits for decades, they would not easily give the control of its production. Secondly, making changes in the fuel production industry may be difficult because it is an extremely sensitive matter. Despite the challenges that may arise due to changes, it is vital to understand that change is inevitable. One of the ways of implementing changes is using alternative energy. The use of alternative energy will be the best way of bringing change into the oil industry and to ensure that the oil companies do not as many profits as they currently do. Alternative energy includes solar energy, wind energy, geothermal energy, bio fuels, and hybrid electric vehicles. Research indicates that by the year 2050, a huge percentage of the energy used in the world will be from solar, wind, and other renewable sources (Dunlap, 2014). The reason for this is that climate changes, urbanization, population increase among other factors will drastically reduce the earth’s fossil fuel. Additionally, the fuel prices may be too high due to strong demand and lower supply in numerous parts of the world. British Petroleum, which is one of world’s largest oil companies, believes that the world will shift to the use of alternative energy sooner than it is expected.

Solar Energy

Solar power is the first alternative energy, which people can use to sustain the remaining fuel as well as to change the control and the high profits earned by the oil companies. Solar power is the most effective because it is renewable, and it will be able to produce enough energy to run the economy. If well harnessed, solar energy can power the automotive industry better than fossil fuels do (Dunlap, 2014). Auto industries should think about producing G vehicles that use solar energy instead of fuel. The companies should design cars that have a body made from solar panels which would allow the cars to absorb solar radiation and convert it to energy. Unlike fuel, solar does not have any emission, which might harm the environment producing greenhouse gasses. Using solar as an alternative will ensure that the remaining oil does not run out sooner than expected. Numerous developed countries have already started to invest much money on solar panel and other facilities that will promote solar energy. None have tried to invent solar-powered vehicles which will not only help to tackle the issue of fuel shortages but also take the automotive industry to a new level. Using modern technology, the world is able to make more use of solar as an alternative source of energy. Inventing solar driven vehicles would have numerous advantages to the automobile industry because of a number of reasons. Firstly, using solar will be better because it is cheaper than using fuel. Solar panels used on the bodies of the cars are durable, and the energy produced has low voltage, which reduces risks when in use. Additionally, using solar energy saves a lot of energy, and it is eco-friendly. For these reasons and more, people should shift and embrace the use of solar as an alternative energy to stop the negative trends in the oil business and to ensure that the automobile industry grows.

Wind Energy

Currently, several windmills are in place but are only used to generate energy mostly for industrial needs. The energy produced by wind may also be useful in the automobile industry. Instead of using fuel, vehicle-manufacturing companies can make use of the energy produced by windmills to operate automobiles (Dunlap, 2014). The automotive industry may invent vehicles that take advantage of the wind when the car is moving to generate energy thus reducing the fuel consumption rate of vehicles. Countries should invest in wind energy because it will reduce dependence on fossil fuel as the only source of energy. Such a move will change the control and the high profits made by the fuel producing companies.

Hybrid Vehicles

The use of hybrid vehicles is another factor that will improve the control and the profits made by companies that produce oil. As aforementioned, these cars are fuel efficient due to two forms of onboard energy to achieve momentum (Dornfeld, & Linke, 2012). Hybrid automobiles are fitted with an electric motor and batteries as well as the regular internal engine and a fuel tank. These types of vehicles have the capability of conserving fuel because they use both batteries and engine. To save more fuel, some hybrid vehicles may use electric drive alone. This will only happen if the far has enough electrical capacity, and it will depend on the weight of the car, aerodynamics, the number of miles, and other factors. To understand hybrid vehicles, it is vital to note that these types of locomotives use two types of batteries, namely the Nickel-metal hydride and the Lithium-ion batteries (Princen, Manno, & Martin, 2015). Aside from the types of batteries used in hybrid vehicles, the most significant fact is that these automobiles help to address the fuel crisis minimizing usage.

Changes in Regulations

The final way in which countries may be able to change the profit made and controlled that oil companies have over them is setting rules and regulations that govern the industry. Numerous leaders across the globe attend conferences that address the issue of fuel shortage in the world. Instead of just addressing the fuel shortage and its solutions, they should create regulations that help to straighten the oil industry. The leaders from different countries should advocate for ways that will enable companies other than oil producing ones to control the sector (Princen, Manno, & Martin, 2015). Additionally, they should find the ways that will help to solve the issue of high and fluctuating oil process. Finally, leaders should come up with strategies that indicate the maximum amount of money that people should pay for fuel at any given time. Such a strategy will ensure that oil companies do not overcharge customers.

Changes Needed for Producing Fuel-Efficient Vehicles with Low Emissions

Producing fuel-efficient vehicles with low emissions is the best step to accomplish in order to reduce the rates of emission in the future. It is vital to note that moving from the usual cars to hybrid cars with lower emissions or electric vehicles will not be an easy task for people because they are more expensive than the traditional vehicles (Oge, 2015). Additionally, most people are always reluctant to accepting changes because they fear moving out of their comfort zones. For this reason, to achieve the production and usage of fuel efficient vehicle with low emission, countries should make technological, political, and financial changes to ensure that it is a success.

Technological Advancements

Technological advancements have brought numerous changes in different aspects of human life such as communication, entertainment, and transportation among others (Epstein, 2014). The automobile industry has also developed with the advancement in technology; people are able to create cars that others would never dream of in the past. The technology has enabled the development of auto start cars to those having cameras, better safety devices, and other items that help the driver be more safe and comfortable on the road. Apart from that, motor vehicle companies have been able to develop cars that are more fuel efficient. Most of the automobile manufacturing companies focus on producing cars that will have minimum emissions because the world is growing towards green transportation. Some automobile companies have made the cars smaller reducing the engine capacity while others developed the hybrid cars that conserve a lot of fuel. In addition, the technological changes have contributed to the creation of electric vehicles, which do not use fuel, and it is obvious that more will be done in the future. Additionally, automobile companies have used technology to come up with car materials that are lighter to cut in the production costs as well as to reduce the weight of the vehicles for them to be more fuel efficient. From the technological changes in place and the need to conserve fuel, it is obvious that people will buy a vehicle that is more fuel efficient even if they may be more expensive. Technological advancements have also given people the opportunity to have a variety of models they can choose when buying vehicles. This is an indication that people are free to choose not only comfort but also to conserve the environment and use a little fuel as possible for their cars.

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Political Changes

Political climate may affect nations either positively or negatively. If a country is politically unstable, most of its industries will fall apart. For this reason, politics plays a significant role in advocating for the production of fuel-efficient vehicles. First, the political climate of a country producing and manufacturing automobiles matters a lot. The reason is that the country’s stability will determine whether people can import cars or not. Additionally, governments set up policies, rules and regulations in the importation and the manufacture of automobiles. To ensure that people use more fuel-efficient cars, the government can have rules that restrict the importation of vehicles that are not fuel efficient (Casper, 2010). Additionally, a government may refuse to grant permission any company that wants to put a manufacturing plant for the production of automobiles that do not conserve fuel. By regulating the types of vehicles entering a country, the nation will be able to monitor and reduce emission from cars. Another way the politics may bring changes in the automobile industry and help in the reduction of emission is taxation. The government should have taxation policies that heavily tax not fuel efficient vehicles and reduce the taxation of cars that are more efficient (Olive, 2015). By introducing such systems, people will opt to buy cars that have fewer emissions and have the capacity to conserve fuel in order to avoid taxation. Finally, political stability may determine the future conditions of a nation. A clear example is that people would enjoy doing business with stable countries rather than war-torn areas. Thus, manufactures will be able to sell their best automobiles to stable countries rather than to unstable countries because they may fear that they may not get their wages. For this reason, in peaceful countries, people will be able to buy fuel-efficient cars because they will have a variety to choose.

Financial

Finance plays a crucial role in the development of the automobile industry due to the developments needed. To produce vehicles with low emissions as well as fuel efficient in the future, nations, companies, and individuals need to finance the automobile industry. It is evident that the cost of producing hybrid or eclectic cars is higher than the one of normal vehicles (Klein, 2014). For this reason, the automotive industry needs financial support to produce these vehicles. The government can finance the automobile industry sector setting aside some money for research and development of better cars. It can also give the producing and manufacture companies’ loans at lower interest rates to ensure that they cover all the costs incurred in the manufacturing of better vehicles. Additionally, the economic level of people may determine their ability to own fuel-efficient cars. A clear example is that people with little income may not be able to afford electric or hybrid vehicles (Oge, 2015). The same people may not be able to maintain their vehicles by servicing them to ensure that the engine is efficient. Inflation can also affect the production of fuel-efficient vehicles with low emission for the future in numerous ways. In case of high inflation, people will opt to buy cheaper cars, which may not be fuel efficient because of the costs. To avoid such situations, nations should make all efforts to reduce inflation in order for people to afford cars with low emission and those that can conserve fuel.

The Ways to Tackle Technological, Political and Financial Issues without Compromising the Quality of Fuel-Efficient

Vehicles with Low Emission

It may be tough for governments to be able to address political, technological, and economic problems in the automobile industry without compromising on the quality of the fuel-efficient and low emission vehicles in future (Fialka, 2015). The reason is that most people would like to have products they can afford without looking at the quality. Some automobile companies, on the other hand, may be interested in making money and forget about the significance of producing high-quality vehicles that will be fuel-efficient and reduce emission in the future. To address these issues in depth, the authorities in this industry should always be on the lookout. Initially, the largest manufacturers of motor vehicles were Japan and Germany; however, with new technologies, China has risen to be one of the countries that currently produce the greatest amount of cars in the world.

Standardization

Standardization is one of the most significant issues that will help to tackle political, financial, and technological issues without compromising the quality of the vehicles. It is evident that production has always been standardized; however, with the new techniques, designs and technological advancements, it must be reanalyzed. Fuel-efficient vehicles with low emissions have slightly different systems than the normal cars. A clear example is that electric vehicles are different from hybrid vehicles, which are also dissimilar to the normal vehicles. To maintain the high quality of vehicles, governments or necessary authorities should maintain acceptable standards throughout the world. One of the ways people can promote standardization is creating global automation systems such as the one in the Ford Company. Ford has a system of standardization known as “One Ford.” This system is applicable in approximately 70 existing manufacturing plants around the world (Dornfeld, & Linke, 2012). Ford believes that having a global standard, it will be able to maintain its high standards as well as transform itself into one successful global company. In addition, standardization of all vehicles despite their manufacturers will ensure that customers get value for their money. It will also ensure that all vehicle-manufacturing companies are working towards a similar goal to produce fuel-efficient vehicles that have less emission.

One of the factors that will boost standardizations is globalization. Globalization has made the world become a more connected place, especially in the automotive industry. With globalization, people will be able to share information on the standards needed for cars that will not only have low emission but also use less fuel (Tillemann, 2015). Additionally, globalization will help to maintain high standards because it will help manufacturers to use better technological devices since people will be able to share information and ideas on how to make better cars.

Implementation of Flexibility and Random Vehicle Inspection

Implementing flexibility in the production of cars will also ensure that companies maintain the high standards in the manufacture of motor vehicles in future. Promoting flexibility will ensure that people are using advanced technology to come up with the most efficient cars. In addition, flexibility will give the customers a wide variety of cars to choose. When people have a variety, they will be able to get vehicles that are affordable and still fuel efficient. Additionally, flexibility will ensure that companies have several vehicle designs. Producers may be able to maintain the standard of cars as the relevant authorities undertake random inspections of the vehicles. Undertaking random checks will ensure that the manufacturers make only the best fuel-efficient vehicles. Random inspections will also give the relevant authority an idea of the quality of the car and whether the regulations or standards are suitable.

Use of High Technology

Another way of tackling technological, political, and financial issues without compromising the quality of fuel-efficient vehicles with less emission is advocating for the use of high technology in the production. Using highly advanced technology and machines will enable the manufactures to make the best vehicles, which are fuel efficient and have small percentages of emission. In addition, using modern technology gives manufacture the room to produce the vehicles able to meet the global standards that have been set. Finally, embracing the use of high technology will ensure that the manufacturers produce cars that are not only fuel efficient but safe and conformable. The reason is that human safety is paramount, and if the cars are not safe, there is no need for making them in the first place.

Conclusion

The recent technological advancements, environmental changes, and fuel shortages have led counties to consider using vehicles, which are more fuel efficient. In order to solve the issue of fuel shortage, the automobile industry should focus on the fuel as a resource and consider other technological and political changes. The need to save the remaining fossil fuel has contributed to the prediction of the types of vehicles and a mode of transport that will be used in future. The most definite mode of transpiration in future will be the use of electric cars because they do not consume fuel. Additionally, people will have to adapt to green transportation and embrace the use of hybrid and other fuel-efficient vehicles.

Factors such as technological advancements, politics, and the environmental changes have primarily affected the automotive industry. For this reason, people see the car business at a different place in the next ten to twenty years. With the technological advancements, people believe that there will be numerous changes in the car industry in the next ten to twenty years. Additionally, there will be tighter regulations to ensure that all cars are fuel efficient.

Car sharing or carpooling will be standard practice for the next ten to twenty years because people may be unable to afford fuel prices on their own. To achieve these perspectives, humans should start making a difference in the car business. Politicians may change the situation advocating and supporting the production of cars that consume less fuel. Drivers and vehicle owners may be more cautious when they are driving.

Another way of making a difference is using high technology in the manufacture of fuel-efficient vehicles. Most fuel producing companies make too much money and have control of the fuel production, which may not be a positive factor. For people to change the control and profits made by oil-producing companies, they should adopt the use of alternative energy such as solar, geothermal, and wind instead of depending on fossil fuel. In order for the world to have vehicles that are fuel efficient and have lower emissions, manufactures should advance their technology and governments should have regulations that allow the use of such vehicles alone. In addition, governments should fund projects that promote the production of fuel-efficient vehicles. They should also employ heavy taxation on vehicle imports that are not fuel efficient.

Finally, vehicles manufacturers and governments should tackle technological, political, and financial issues without compromising the quality of fuel-efficient vehicles with low emissions. This may be achieved through standardization, advocating for flexibility, and undertaking random vehicle inspections.