The automotive industry has revolutionized transportation with technological advancements. Moreover, the automotive industry has been a stimulant in the economic growth. It serves as a vital source of employment. Despite its achievements, the automotive industry faces challenges surrounding environmental concerns, which has prompted the industry to focus on electric vehicles and alternative fuels. The push for greener transportation options have become a priority to minimize the industry’s carbon footprint. Thus, the constant advancements in technology have propelled the industry and revolutionized the way vehicles are designed are manufactured.

Electric and autonomous vehicles have gained immense popularity in the recent times due to their lower contribution to the overall greenhouse gas (GHG) emissions. On the back of rising penetration of electric vehicles in the transportation sector, the GHG emission figures are anticipated to plummet in the coming years. These vehicles are not challenged by fluctuations in fuel costs, unlike that of conventional vehicles. The growth of electric vehicles continues to be a pivotal trend in the automotive industry, with increasing investments, innovations, research, and consumer interest shaping its trajectory.

The transportation industry and activities involved in the movement of people, products, and services from one area to another. The performance of the transportation industry is crucial to sustaining economies, promoting commerce, and facilitating societal connections. Cost effective and efficient logistics operations are critical for lowering costs, improving customer happiness, and preserving a competitive advantage. An intermittent flow of products and services to meet the market demands is ensured through effective coordination among numerous stakeholders, including producers, suppliers, transportation providers, and retailers. The automotive and transportation domain offers companies/businesses comprehensive provisions of market data that assist them in decision-making.