Saturday, March 14, 2015

Color me doubtful............................

The headline reads:   How Uber’s Autonomous Cars Will Destroy 10 Million Jobs And Reshape The Economy by 2025.   

Full post is here.  A few cherry-picked quotes here::

The effects of the autonomous car movement will be staggering. PricewaterhouseCoopers predicts that the number of vehicles on the road will be reduced by 99%, estimating that the fleet will fall from 245 million to just 2.4 million vehicles.17

Ancillary industries such as the $198 billion automobile insurance market,18 $98 billion automotive finance market,19 $100 billion parking industry,20 and the $300 billion automotive aftermarket21 will collapse as demand for their services evaporates. We will see the obsolescence of rental car companies, public transportation systems, and, good riddance, parking and speeding tickets. 

The environmental impact of autonomous cars has the potential to reverse the trend of global warming and drastically reduce our dependence on fossil fuels. Passenger cars, SUVs, pickup trucks, and minivans account for 17.6% of greenhouse gas emissions26 – a 90% reduction of vehicles in operation would reduce our overall emissions by 15.9%. As most autonomous cars are likely to be electric, we would virtually eliminate the 134 billion of gasoline used each year in the US alone.

Like I said, color me doubtful.

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