2023, the year of transformations
After the rough COVID-19 years, 2022 has seen the start of economic improvements. Although the automotive industry is experiencing its worst sales numbers in over a decade, it saw increased profits thanks to strong demand, allowing for higher prices. Geopolitical issues such as the war in Ukraine and microchip shortages are forcing analysts and OEMs to remain careful regarding their forecasted results. Indeed, as we are all beginning to feel the effect of inflation and uncertain energy supplies, production volumes may be lower than expected. Nevertheless, we are seeing a lot of innovations in the automotive space. Let’s dive a little deeper into the latest automotive industry trends and see how they match with the switch towards software-defined vehicles.
Electric vehicles everywhere?
With the willingness to reduce carbon emissions and the implementation of stricter emissions regulations, OEMs are investing more and more in the development…
