Factors driving the automotive industry transition from internal combustion engines to electric and autonomous vehicles

The automotive industry is transitioning from internal combustion engines (ICE) to electric and autonomous vehicles. A wide variety of factors are driving this change, including recent technological advancements that have made the transition more feasible to shifts in government policies and consumer demand for sustainable transportation that accelerated electric vehicle adoption. This report aims to provide a comprehensive overview of the key factors driving this transition and how component suppliers must react to market needs.