Nissan: Industry will Change More in Next 5 years than Previous 20

Nissan: Industry will Change More in Next 5 years than Previous 20
The automotive industry will change more in the next five years than it has done in the previous 20, according to Nissan boss Carlos Ghosn. The Japanese company’s CEO said electrification, autonomous driving and connectivity technology form a “disruptive triangle” that is forcing the industry to reconsider how cars should operate.

“We are in an era of tremendous, rapid technological advancement, one that is disrupting old business models and forcing industries to change. The global auto industry is no exception; I expect it to see more changes in the next five years than it has in the last 20,” he said.

Ghosn claimed that combating climate change and tackling the pollution caused by a growing population were key reasons why this “technological revolution” was vital to the industry.

Electric vehicles (EVs) were singled out as the most immediate solution, because they were already becoming viable. Ghosn said declining battery costs and growing infrastructure were enticing consumers into EVs, and cited a recent study by McKinsey & Co and Bloomberg New Energy Finance, which predicted that EVs would make up two-thirds of city-based cars by 2030.

However, Ghosn also claimed that autonomous drive features would soon be commonplace, with Renault-Nissan alone offering 10 different models with autonomous driving technology by 2020. He predicted that the brand would be capable of producing totally driverless cars “a bit further into the future”.