Anticipating the Driverless Future of Vehicles
With the rapid rise of electric vehicles (EVs) and increased investments in autonomous driving, what was once the future of vehicles is quickly becoming a present day reality.
By 2040, EVs are forecast to account for more than half of global annual car sales. A 2020 Consumer Reports survey showed that 31% of U.S. consumers said they are interested in an EV for their next car purchase, with another 40% saying they’re interested in EVs for a future purchase.
And the drive is no longer fueled by just a few players like Tesla. Every major automaker and several Silicon Valley giants are investing billions in the future of vehicles.
This infographic from eToro takes a detailed look at how a driverless future is taking shape right before our eyes.
Driverless Developments in Electric and Autonomous Vehicles
Investments in future-friendly cars are now commonplace—as are new vehicle releases—but for a long time, automakers hesitated to make the electric transition.
With the meteoric rise of Tesla, now a household name in EVs and self-driving vehicles, it’s now clear to the world’s automakers that the pivot to EVs could pay off. As of June 2021, two 100% electric car companies make it onto a list of the highest valued automakers in the world.
|Rank||Company||Market Cap (June 2021)|
|#1||Tesla (100% Electric)||$662.1B|
|#7||NIO (100% Electric)||$80.8B|
And as electric car companies started to climb in value, traditional automakers ramped up their EV investments.
In 2019, automakers invested at least $300 billion in EVs and batteries, primarily those based in Germany ($139.5 billion) and China ($57.0 billion). In 2021, American companies have also stepped up their EV investments, with Ford and GM committing $22 billion and $27 billion respectively to EV investments through 2025.
Autonomous, A.I. piloted vehicles are also on the cusp of further investment breakthroughs. Driverless companies Cruise (backed by GM) and Waymo (backed by Alphabet) completed more than 600,000 miles of autonomous driving testing in 2020 in California alone.
Over the next five years, the autonomous vehicle market is forecast to grow to $557 billion by 2026 from just $53 billion in 2019. It’s no surprise that other companies like Toyota, Amazon, SoftBank, Lyft, and Daimler are all investing in driverless companies.
What The Driverless Future Will Look Like
Over the next decade, the speed and visibility of vehicle evolution will depend largely on location.
In the U.S. and Europe, the current trajectory is towards reduction of impact. As consumers shift from combustion engines to EVs, many are also looking to reduce the need for a vehicle in the first place. The total number of cars in the U.S. and Europe is actually expected to drop by more than 100 million by 2030.
That contrasts with China, where car inventory is expected to surge to 276 million in 2030 from just 180 million in 2017. The country is a leader in EV rollouts, with Tesla even building a factory in Shanghai. China is also leaning heavily on autonomous driving —by 2040, driverless vehicles are expected to account for 66% of total passenger KM driven in China.
In fact, driverless vehicles and shared mobility is a leading driver in modern vehicle investment. An analysis of vehicle investments by more than 1000 companies since 2010 found that e-hailing is the leading cluster of investment, followed closely by semiconductors and sensors required by smart cars.
|Vehicle Tech Cluster||Total Disclosed Investment (2010–19)|
|AV sensors and ADAS components||$29.9B|
|EVs and charging||$19.0B|
|AV software and mapping||$13.5B|
|Telematics and intelligent traffic||$12.4B|
|HMI and voice recognition||$7.4B|
As investments in future-friendly smart cars continue to ramp up, countries already prepared for EVs are likely to benefit the quickest.
A 2020 assessment of countries by readiness for autonomous vehicles found that Singapore leads the world with driverless-ready policies and high road quality. It was closely followed by the Netherlands and Norway, with EVs already accounting for more than 56% of vehicles purchased in Norway.
Though the full rollout of EVs and driverless vehicles will look different depending on the country, it’s certain that the future of vehicles is on the horizon.
How Can Investors Take Part?
eToro’s Driverless CopyPortfolio* gives investors direct access to the driverless and electric megatrend.
Curated by experienced and proven investment teams, the thematic portfolio offers exposure to a broad range of automakers and innovators in transportation, with no management fees.
*Your capital is at risk.
CopyPortfolios is a portfolio management product, provided by eToro Europe Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
CopyPortfolios should not be considered as exchange traded funds, nor as hedge funds.
5 Trends Shaping the Future of eCommerce
eCommerce is evolving almost as fast as it’s growing. Here’s a look at five major trends that are shaping the future of the eCommerce market.
5 Trends Shaping the Future of eCommerce
The global eCommerce market is growing at a rapid pace.
By 2025, it’s expected to reach $4.2 trillion in revenue. But the fast-growing eCommerce market is evolving just as quickly as it’s expanding. And because of rapid innovation in this space, tomorrow’s eCommerce landscape could look vastly different from today’s.
While we can’t predict the future, there are some telling signs of what’s to come. This graphic sponsored by Logiq explores five emerging trends that are transforming the future of eCommerce.
#1: Omnichannel Shopping
These days, a majority of consumers research a brand online before they set foot in a physical store. Because the customer journey now has a myriad of touchpoints across various devices, it’s important that businesses fully integrate their channels to provide a frictionless, holistic shopping experience.
That’s what omnichannel shopping aims to do—seamlessly integrate a company’s physical and online channels. When done correctly, omnichannel strategies can be valuable revenue drivers. In fact, according to research by Google, omnichannel strategies can help generate an estimated 80% of a business’s in-store visits.
#2: AI and AR
Artificial intelligence (AI) and Augmented Reality (AR) are transforming the online shopping experience, with things like:
- AI-enabled chatbots
- Virtual assistants
- AI-enabled personalized shopping
- AR-apps that help replicate the physical world online
Ideally, these applications provide an easier, more enjoyable shopping experience for consumers. AI and AR technologies are impressive on their own, but when combined, they leverage each other’s strengths to provide an elevated shopping experience.
For instance, an AI and AR-enabled app could use speech recognition to listen to what you’re saying, and then render an image right in front of your eyes.
#3: New Payment Options
In general, technological innovation is aimed at making the online shopping experience as seamless as possible. And payment is an important part of that process, which is why it’s crucial that businesses provide customers a variety of payment options at checkout, to reduce cart abandonment. Some payment options include:
- Digital wallets
- Mobile payments
Cryptocurrency is especially trendy, as companies become increasingly more open to blockchain tech and cryptocurrency as payment.
#4: Rise of Visual Commerce
We’re living in a world of information overload, meaning brands are constantly competing for consumers’ attention. That’s why visual communication is more important than ever.
Businesses are using visual tactics like high-quality photography, videos, and AR to keep customers engaged.
Just like omnichannel strategies, visual commerce can help significantly increase revenue. According to research by Shopify, customers that viewed a product in AR were 65% more likely to make a purchase.
#5: Data-Driven, Dynamic Pricing
Dynamic pricing is when businesses adjust pricing to reflect consumer demand. While it’s not a new phenomenon, AI and new technology have made it more accurate, and accessible.
Companies like Amazon have already implemented tech that helps the company optimize its pricing strategies, and other businesses that follow suit could see a boost in earnings.
How Companies Can Stay Competitive
The eCommerce market is rapidly growing, and changing just as quickly. Because of this, companies don’t always have the resources to stay ahead of the curve. But Logiq can help.
Logiq is an American-based global provider of eCommerce solutions, helping companies step up their eCommerce offerings. Click here to learn more about Logiq.
The Genomic Revolution: Why Investors Are Paying Attention
Faster cancer detection. Tracking disease. Gene editing. All three are driven by the genomic revolution. Here’s why it’s important now.
The Genomic Revolution: Why Investors Are Paying Attention
At the center of the genomic revolution is big data and DNA.
The implications are vast. With recent advancements, faster cancer detection is within reach, potentially saving thousands of lives each year. An initial research study shows this technology could save 66,000 live annually in the U.S. alone.
What’s more, genomic innovation goes beyond just cancer detection. Today it spans a variety of innovations, from gene editing to anti-cancer drugs.
In this graphic from MSCI, we look at four reasons why the genomics sector is positioned for growth thanks to powerful applications in medicine.
What is the Genomic Revolution?
To start, the genomic revolution focuses on the study of the human genome, a human (or organism’s) complete set of DNA.
A human consists of 23 pairs of chromosomes and 24,000 genes. Taken together, the human genetic code equals three billion DNA letters. Since most ailments have a link to our genetic condition, genomics involves the editing, mapping, and function of a genome.
With genomic innovation, large-scale applications of diagnostics and decision-making tools are made possible for a wide range of diseases.
4 Ways the Genomic Revolution is Changing Medicine
Over the last century, the field of genomics has advanced faster than any other life sciences discipline.
The hallmark achievement is the Human Genome Project completed in 2001. Since then, scientists have analyzed thousands of people’s genes to identify the cause of heart disease, cancer, and other fatal afflictions.
Here are four areas where genomic innovation is making a big difference in the medical field.
1. Gene Editing
Gene editing enables scientists to alter someone’s DNA, such as eye color. Broadly speaking, gene editing involves cutting DNA at a certain point and adding to, removing, or replacing this DNA.
For instance, gene editing enables living drugs. As the name suggests, living drugs are made from living organisms that harness a body’s immune system or other bodily process, and uses them to fight disease.
Based on analysis from ARK Invest, living drugs have a potential $200 billion addressable market.
2. Cancer Detection
Multi-cancer screening, supported by genomic sequencing and liquid biopsies, is projected to prevent more deaths from cancer than any other medical innovation.
Through a single blood test, multiple types of cancer can be detected early through synthetic biology advancements. Scientists use genomic sequencing (also referred to as DNA sequencing) to identify the genetic makeup of an organism, or a change in a gene which may lead to cancer.
Critically, screening costs are dropping rapidly, from $30,000 in 2015 to $1,500 in 2021. The combination of these factors is spurring a potential $150 billion market. This could be revolutionary for healthcare by shifting from a treatment-based model to a more preventative one in the future.
3. DNA Sequencing
One modern form of DNA sequencing is long-read DNA sequencing. With long-read DNA sequencing, scientists can identify genetic sequences faster and more affordably.
For these reasons, long-read DNA sequencing is projected to grow to a $5 billion market, growing at a 82% annual rate.
4. Agricultural Biology
Finally, the genomic revolution is making strides in agricultural biology. Here, research is looking at how to reduce the cost of producing crops, improving plant breeding, and enhancing quality.
One study shows that genomic advances in agriculture have led to six-fold increases in income for some farmers.
Investing in the Genomic Revolution
A number of genomic-focused companies have shown promising returns.
This can be illustrated by the MSCI ACWI Genomic Innovation Index, which has outperformed the benchmark by nearly 50% since 2013. The index, which was developed with ARK Invest, comprises roughly 250 companies who are working in the field of genomic innovation. In 2020 alone, the index returned over 43%.
From diagnostics to prevention, the genomic revolution is breaking ground in scalable solutions for global health. Investment opportunities are expected to follow.
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