Three automotive trends to watch in 2022

Posted on
March 06, 2022
By
Matt Pressman

What trends can we see this year in the automotive space? According to Don Alcott at Go Banking Rates, “If you look at the top three automotive trends for 2022, you might think this is a page straight out of the Tesla playbook. Cars.com, a car-shopping marketplace, has listed three trends in driving has been identified. [the] consumer automotive business for the year.”

Left to right: Tesla Model X, Model S, and Model 3 (Source: Evanex; Photo by Casey Murphy)

So what are these trends? There are three to watch: 1) pre-ordering of vehicles; 2) the process of buying a digital car; and 3) the electric vehicle boom. Alcott writes,Since the company’s founding, Tesla has been leading the pack in all three… [meanwhile] Other manufacturers are accelerating their processes to keep up with Tesla, and the mainstream auto market is embracing these trends.”

Customer pre-orders are starting to pop up in the auto industry. And it’s not just Tesla’s Cybertruck — Ford is taking pre-orders for its F-150 Lightning truck, too. As per a Cars.com report, “41% of new car buyers are planning to pre-order their next vehicle… [while] 16% of auto buyers have tried to pre-order and 98% of them were happy with the experience.”

According to Alcott, “In addition to placing pre-orders online, 38% of existing car buyers expect to complete the car buying process online.” Tesla initially led the trend, but traditional automakers are looking to follow in the company’s footsteps.

Arguably, the biggest trend representing the future of the auto industry is the move to electric vehicles. Alcott reports.While Tesla remains the best-selling electric vehicle in the US, led by its affordable Model 3, consumers are likely to demand even more options going forward… Cars.com reports that the number of EVs on the website Searches have almost doubled since 2020. ,

,

Source: Visit Banking Rates via Cars.com

was published

Electric Vehicles, Tesla, Tesla News, TSLA

next

Of earlier

Comments

Post a Comment

Popular posts from this blog

Tesla Model Y welcomed by Kansas PD, expected to give cost savings – Elon Musk - Elon Musk

In a recent press release, the Leawood Police Department in Kansas announced that it had acquired a Tesla Model Y Long Range for its fleet. The vehicle would be used as one of the Leawood PD’s patrol cars. The Model Y has already been painted in the Leawood PD’s black and white colors. The department noted that they started looking into the idea of an all-electric patrol car last year after seeing dismal reviews of available hybrid patrol cars. Captain Kirt Yoder, the agency’s project manager, noted that Tesla Kansas had been quite helpful. “I ended up contacting about ten agencies from New York to California. Tesla-Kansas City was great. They were eager to help and answer all our questions,” he said. Apart from being a green vehicle, the Model Y is also expected to give the Leawood Police Department substantial cost savings. Over a year ago, a cost comparison already showed that the department’s Ford Explorer patrol SUV would cost about $4,500 per year to run. That was a time w...
Read more

Tesla Autopilot workers confirm mass layoff in San Mateo office – Elon Musk - Elon Musk

Image
Tesla’s mass layoffs reached the Autopilot team in San Mateo. Autopilot workers have started posting the news on LinkedIn.  People familiar with the matter told  Bloomberg  that Tesla laid off about 200 Autopilot workers from its San Mateo office. San Mateo had around 350 employees before the recent layoffs. Tesla transferred some of the San Mateo staff to a nearby facility in previous weeks.  The Autopilot team in San Mateo worked on customer vehicle data, specifically data labeling, for Tesla’s autonomous driver assistance features. According to a source, most of the employees Tesla laid off were hourly workers from the Autopilot Team. Most of the San Mateo office staff were data annotation specialists who held hourly positions.  One data annotation specialist, Caesar Rosas, shared that he received the news of Tesla’s layoffs recently. He stated that almost everyone working at Tesla’s San Mateo branch was laid off, adding that he didn’t get to s...
Read more

Sen. Joe Manchin blasts EV tax credit expansion, calls for hydrogen development

West Virginia Democrat Joe Manchin blasted a potential expansion of the electric vehicle (EV) tax credit on Thursday, while also calling for the development of the hydrogen sector to decarbonize the transportation industry. Manchin, who called a Biden administration proposal to broaden the EV tax credit program “ludicrous,” said the waiting period for EVs right now is already so long that there is no point to offering more money to incentivize consumers to buy a battery-powered car. “There is a waiting list for EVs right now, with the fuel prices, but they still want us to throw a $5,000, or $7,000 or $12,000 credit for us to buy electric vehicles,” said during a Thursday Senate budget hearing. Manchin added that production volumes of EVs are far away from fulfilling current demand levels, so it would be ridiculous to offer additional funding to the programs. It is evident that EVs are becoming more popular, and with automakers in nearly all situations relating to EVs still workin...
Read more