Future of mobility: Europe’s car industry is at a turning point

The European car industry has shown in the past three decades, with some success. Since the year 1990, it has oxides for newly developed cars, for example, the emission of nitrogen, its concentration in a number of German cities provides currently for the Diesel-driving bans, to 90 percent. The number of dangerous accidents decreased from 2005 to 2018, by 42 percent, because the manufacturers have more and more built-in assistance systems in the vehicles. And the sector’s contribution to gross domestic product in Western Europe has more than doubled.

Martin Gropp

editor in the economy.

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However, according to the consulting firm McKinsey is currently unclear whether car manufacturers and suppliers in Europe can follow this growth path in the future. “The European car industry has, in many ways a successful period of several decades behind,” says McKinsey Partner, Andreas Cornet, the sector of business consulting, leads the automotive. “But now the industry is at a crucial turning point for the continuation of success.”

the trigger are the major Trends that are the talk of the industry for several years: the electrification of the drive, the networking of vehicles with the Internet, new business models such as car sharing or car pooling services and, eventually, Autonomous Driving. In the view of the consultants, the change is particularly profound, because these four trends are reinforcing each other, as observed in the analysis of “Race 2050 – a Vision for the European car industry”, which appears to a consumer electronics trade show CES in Las Vegas.

Not only the auto industry needs to says act

“at the same time, we also see that the customers do not demand products or services, which are classically the well-known Terrain of the auto industry,” Cornet. “The additional competition from outside the industry, company eventually comes.” Are meant, for example, the Attempts of the us technology group’s Alphabet, with its subsidiary Waymo the development of automated-driving cars.

McKinsey consultant Andreas Tschiesner, therefore, that the business model of the auto industry is in transition currently. “It’s not just about selling a car, but mobility as a service offering.” The car had to be integrated to other infrastructures. “An E-vehicle is to be connected, for example with the Offers of the charging infrastructure operators. Thus, the dynamics of the auto industry and related industries is changing,“ says Tschiesner.

this is Why the professionals do not see even the car industry has an obligation, when it comes to the continuation of the own successes. “A successful continuation of the car to ensure industry needs to act not only the industry itself, but also, for example, the legislator and the regulatory authorities, so that new collaborations will be easier – for example, in the case of data, Algorithms and Software for Autonomous Driving,” says Cornet. “Also, developments in other sectors, such as telecommunications and energy supply industry, must go Hand-in-Hand.”