CES: Innovation, one step at a time

Philipp Kampshoff, who heads the McKinsey Center for Future Mobility in the Americas, said, “Innovation can be argued to be a function of time, ultimately reaching better solutions. “It’s also a function of the resource against it.”

Automakers and others have committed these resources to autonomous, connected, electrified and shared mobility technologies since 2010, investing more than $530 billion, according to McKinsey figures.

However, according to McKinsey, only 6% of that investment came from automakers. The rest are from venture capital, private his equity and technology companies. For those accustomed to working outside the automotive industry, the speed at which the industry moves can be frustrating.

“Other sectors say, ‘Let’s go, this is awesome, I want to own this space,’” said Russell Pullan, CEO of Canadian startup eLeapPower. charger and increased range. “Automotive says, ‘This is great, but have you been doing it for 15 years?'”