Like all industries, transportation is constantly moving forward and adapting. Because the industry has such an influence on other sectors, knowing what’s ahead in the coming year can help the public and business leaders plan and adjust well.

There are three big areas to be aware of.

1. Increased focus on sustainable transportation
Over the past several years, increases in fires, storms, and other events have brought the climate crisis into greater light. As a result, shareholders of major companies are demanding that companies disclose climate risks and take on more responsibility for the influence they have on the environment. Investors and private equity firms are also asking companies what they plan to do to take care of the planet. Consumers are prioritizing sustainability and don’t want to be associated with environmentally irresponsible brands. Because companies are feeling this pressure from multiple directions, they’re going to focus more on environmental, social, and governance (ESG) standards. Within that, electric vehicles (EVs) are going to be a bigger part of companies’ overall ESG strategies.

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