A few months back we speculated on the future of vehicle technology, looking out toward the next two or three decades. Just as 2018 saw big enhancements in the automotive industry, much of that momentum will be carried into next year. Here are three big changes coming for vehicles in 2019.
More Options for Electric Vehicles
The leaders in electric vehicle technology—Tesla, Nissan, and Chevrolet—will see a huge shift in the competitive landscape when automakers like Audi, Mercedes, Volvo, BMW, Ford, Toyota, Kia, and more introduce new models of electric vehicles for 2019. With advancements in electric vehicles, so will come expectations for electric and power management technologies becoming less expensive and more efficient. With more options, sales for electric vehicles are likely to improve, but the rate of adoption is still up in the air. Whether the common consumer will be ready to take on electric technology in 2018 remains to be seen, but the luxury car owner is sure to make the leap.
Less Drivers More Riders
The phrase “You want Bird?” has become prevalent in major metropolitan areas, especially those in which parking is scarce and walking is the main mode of transportation. While pay-to-ride scooter and bicycle services saw a huge surge in 2018, don’t expect that momentum to stall out any time soon. In Washington D.C., the District Department of Transportation received applications from 12 separate companies for 2019 dockless vehicle permits during an application period that ended in November of this year, proving that this niche space is not another fad. In 2018 there are currently six dockless vehicle operators in Washington D.C., including the aforementioned Bird.
Higher Vehicle Prices
Earlier this year, our president announced that he would invoke a legal provision imposing tariffs on imported steel and aluminum. Automobile manufacturers largely rely on imported parts and material from China, and the resulting taxes will inevitably trickle down to consumers. The result will be a rise in vehicle and auto part prices in 2019. The cost of a new car could increase by as much as $6,875, according to the Center for Automotive Research. This could lead to an increase in pre-owned rather than new cars and trucks, although pre-owned prices are expected to increase as well.