EV and UMV are the future of automobiles and are here to disrupt

Credit: Picture sources - https://www.flickr.com/photos/evgo/6545153803/

EV stands for Electric Vehicles and UMV stands for Ultimate Mobility Vehicle. These two new types of vehicles are here to disrupt the automobile industry and are going to cost many jobs in the sector, and here is how.

Electric Vehicles are seeing a lot of investments by developed as well as emerging nations. Countries like the US, Japan, China, and South Korea, along with the European Union are the helm of research and development in electric vehicles. The main driver in this direction is the anticipation that the world is eventually going to get rid of oil which can cause a lot of problems for the general economic well being.

It’s therefore anticipated that most vehicles after 2030 are going to be electric-motor driven.

Then comes the UMV, which is the monster of automobile innovation. This concept is currently being tested by a South Korean car giant Hyundai. A UMV will be able to move on any kind of topography and its wheels will double up as legs.

The kind of engineering know-how required for such cutting-edge innovations is not adequately found in the current talent pool of automobile engineers. This know-how will need to be generated in the coming decades through re-training. And since most won’t be able to mold themselves according to these requirements, it’s not just vehicles but also those who make them are going to get replaced.