New designs and models have kept the global automobile industry always in flux. Shape and performance of an automobile is altered every time a new design or model is introduced. The industry is poised for constant growth. It is expected that five trends will dominate the automobile industry in the years to come and each of the trends will carry specific challenges that the industry experts will have to face.
Automotive companies have kept their focus on utilization of alternative energy engines, cost controlling, and improvement of efficiency. Based on the type of fuel consumed, automobiles fall under various different categories. Electric cars are considered to be the most fuel efficient vehicle as they make use of conventional internal combustion engine (ICE) automobiles such as reduced emissions, zero air pollution, and significantly lower cost of energy (on a fuel to electricity basis).
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