Electric and Autonomous Transportation
UCLA CAEV (Connected Autonomous Electric Vehicle) Annual Conference
The trillion dollar a year automotive industry, after a century of its existence, is undergoing a radical and transformative change as a result of technologies that enable a vehicle to be fueled by electricity, be driven autonomously, to be Internet connected and be precisely located and tracked as it transports people or assets to its destination. This is resulting in the transportation sector being turned upside down with car owners, especially from the millennial generation, often opting to use shared transportation network services such as Uber or Lyft in lieu of vehicle ownership. Transportation companies such as Fair are looking into the future of on-demand leasing whereby an environment conscious passenger may in-fact request a specific electric vehicle for a short lease. With the aim of getting passengers to and from their last mile of destination, transportation sector is seeing yet a further level of innovation with the advent of micro-ride network services such as Bird, whose riders can connect to another Transit service for their longer range travel needs. Buses themselves are now becoming increasingly electrified especially in densely populated urban areas - which society is demanding by way of their regulators for the purpose of reducing greenhouse gases.