How things are brewing in the rapidly evolving automobile space

The automobile industry has had a turbulent couple of years as a whole. While the COVID-19 pandemic struck demand hard in 2020

FREMONT, CA: Cars have come a long way from the steam-powered marvels of the 18th century that could barely keep up with a horse-drawn carriage to today's sleek and sophisticated EVs that almost force people to fasten their seat belts. They've evolved into the ultimate aspirational product, alongside real estate. The automobile industry has had a turbulent couple of years as a whole. While the COVID-19 pandemic struck demand hard in 2020, carmakers faced supply-chain challenges in 2021. The car market is likely to rise in 2022 as demand for Light Motor Vehicles, or LMVs, gradually returns to pre-pandemic levels.

In the United States, for example, the Biden administration plans to establish policies that will ensure that by 2030, 50 percent of all vehicles sold are zero-emission vehicles. Similar targets have been set by the European Union in order to achieve its aim of becoming a carbon-neutral continent by 2055. The Indian government has been promoting policies that favor growth in the automobile industry, recognising its worth as a major component and contributor to the country's overall economic health. This includes extending the FAME-II (Faster adoption and manufacturing of hybrid and electric cars) programme till 2024, as well as announcing new production-linked incentive schemes for the auto and auto component sectors and advanced chemical cells.

Electric vehicles are projected to complete the transition of the vehicle into the third space. The cars of the future are envisioned as moving powerhouses capable of supplying entertainment and other ancillary services on a previously unprecedented scale as the link between one's workplace and home. With its Snapdragon Digital Chassis, Qualcomm provided a glimpse into the future at the CES 2022 exhibition. The Snapdragon Ride Platform (automated driving), the Auto Connectivity Platform (cellular services, Wi-Fi, Bluetooth, and GPS), and the digital cockpit and infotainment systems are all part of the chassis.

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