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Self-driving cars, car entertainment, and the demand for smaller vs bigger cars
The future of self-driving cars might involve monetizing the time saved with in-car entertainment, however, Volvo focuses on building safe cars with connectivity. Despite the trend of bigger cars in the US, there is emerging demand for smaller cars, especially among younger demographic in urban areas. Volvo's introduction of a small SUV, the EX there, has exceeded pre-order targets, indicating a shift towards smaller, more affordable city cars. While smaller SUVs are gaining popularity in cities, demand for larger cars will continue outside urban areas. Volvo aims to cater to both segments with models like the EX there, XC60, and XC90, ensuring a broad spectrum of car sizes to meet evolving consumer preferences.