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shared by Maria Gurova on 05 Nov 15 - No Cached

. Autonomous cars will be commonplace by 2025 and have a near monopoly by 2030
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They will cause unprecedented job loss and a fundamental restructuring of our economy, solve large portions of our environmental problems, prevent tens of thousands of deaths per year, save millions of hours with increased productivity, and create entire new industries that we cannot even imagine from our current vantage point.
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Morgan Stanley’s research shows that cars are driven just 4% of the time,5 which is an astonishing waste considering that the average cost of car ownership is nearly $9,000 per year.6
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The car purchasers of the future will not be you and me – cars will be purchased and operated by ride sharing and car sharing companies.
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, it is unlikely that major automakers like General Motors, Ford, and Toyota will survive the leap.
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while startup automakers like Tesla will thrive on a smaller number of fleet sales to operators like Uber by offering standardized models with fewer options.
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884,000 people are employed in motor vehicles and parts manufacturing, and an additional 3.02 million in the dealer and maintenance network.22 Truck, bus, delivery, and taxi drivers account for nearly 6 million professional driving jobs. Virtually all of these 10 million jobs will be eliminated within 10-15 years
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