EVs, AVs and Radical Transformation
Pedro Lopez-Estepa says that EV startups have proved that market transformation is possible, and while they might not compete in volume, they can do so in innovation. For electric and autonomous vehicles, the transition from hardware to software-centric development, called the software-defined vehicle, is under way. This new reality has opened the door to nontraditional vendors to compete, which begs the question, “What level is this competition real? What are the implications of such radical transformation?”