Out of all the sectors to have been disrupted by the rise of emerging technologies in the last 15 years, the automotive sector has been slow to keep up – which may surprise some. While true that advances in electric and hybrid vehicles have been substantial; that fuel efficiency has undoubtedly improved, as has the augmentation of on-board computer systems, the greatest disruption to the sector has come from outside of the traditional industry.
The proliferation of ride-hailing apps such as Uber or Lyft, hand-in-hand with house-sharing on AirBnB and the rise of the subscription economy, have each contributed to...