The Future of Connected, Autonomous, Shared, and Electric (CASE) Vehicles is Upon Us.

The popularity of electric vehicles is partly a response to the desire of achieving sustainability and carbon footprint reduction. Automobile manufacturers are making substantial investments to tackle emissions issues, create environment-friendly vehicles, and align with Environmental, Social, and Governance (ESG) requirements. To achieve brand edge and investment appeal, automakers market ESG as a business strategy.

Compliance with ESG requirements is not limited to sustainability alone. Cybersecurity, an important ESG component under social and governance pillars, is taking the center stage. This is for obvious reasons — the future of the auto industry is being transformed by Connected, Autonomous, Shared, and Electric (CASE) vehicles. This future is also threatened by cybersecurity flaws and incidents.

According to one source, cyberattacks targeting CASE vehicles increased by 225% from 2018 through 2021, while vulnerabilities rose by 321%. Emerging attacks observed in the first half of 2022 already pointed to a tumultuous future for automakers. It is projected that the industry would lose more than $500 billion to cyberattacks by 2024.

CASE Vehicles to Dominate the Future of Auto Market

Several factors influence the growth of CASE vehicles. The European Union (EU) is promoting clean mobility through regulations and investment. To realize its ambitious…