Browse Topic: Globalization

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Over the last 100 years, the automobile has become integrated in a fundamental way into the broader economy. A broad and deep ecosystem has emerged, and critical components of this ecosystem include insurance, after-market services, automobile retail sales, automobile lending, energy suppliers (e.g., gas stations), medical services, advertising, lawyers, banking, public planners, and law enforcement. These components - which together represent almost $2 trillion of the U.S. economy - are in equilibrium based on the current capabilities of automotive technology. However, the advent of autonomous vehicles (AVs) and technologies like electrification have the potential to significantly disrupt the automotive ecosystem. The critical cog governing the rate and pace of this shift is the management of the test and verification of AVs. In this SAE EDGE™ report, six senior industry leaders in the impacted ecosystems essay articles which describe sectors of the current automotive ecosystem and
Razdan, Rahul
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