Voices of Innovation: Industry Leaders on 2024’s Tech Milestones and 2025’s Promising Trends
Voices of Innovation: Industry Leaders on 2024’s Tech Milestones and 2025’s Promising Trends
Explore 2024’s defining tech trends and a glimpse into 2025 through the insights of industry leaders. This year-end story captures expert opinions on groundbreaking innovations, challenges faced, and the technologies poised to shape the future.
2024 saw the mass-market adoption of EVs gaining momentum. It also witnessed traditional ICE players like Mahindra, among others, making their EV ambitions more prominent. Segments like Vehicle-as-a-Service (VaaS) and Battery-as-a-Service (BaaS) made significant progress with newer players entering the market and the emergence of innovative revenue models. The year also saw significant initiatives from state governments aimed at driving the growth of the EV industry. Reduction in raw material prices further improved the total cost of ownership of EVs, making them more affordable.
Looking ahead to 2025, we expect these adoption trends to continue. Emerging segments such as the resale market for EVs and battery recycling are expected to gain prominence. From a funding perspective, the investing landscape is becoming more broad-based, with traditional and homegrown growth private equity investors showing increased interest. These investors are likely to focus on proven business models and write larger cheques. 2025 may also mark a pivotal year for segment creators, as entry barriers are expected to rise significantly.
Source:- CXO Today