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Barclays PLC analyst Brian Johnson predicts that U.S. automobile sales will drop 40% within the next 25 years due to disruption caused by driverless technology, and that vehicle ownership rates will be cut in half as families move to having just one car:
Large-volume automakers "would need to shrink dramatically to survive," Johnson wrote. "GM and Ford would need to reduce North American production by up to 68 percent and 58 percent, respectively."
Self-driving cars have become a frequent topic for auto executives as the technology for the vehicles emerges. The market for autonomous technology will grow to $42 billion by 2025 and self-driving cars may account for a quarter of global auto sales by 2035, according to Boston Consulting Group. By 2017, partially autonomous vehicles will become available in "large numbers," the firm said in a report in April.
Johnson's report, entitled "Disruptive Mobility," contends that the shift to cars that drive themselves will upend the auto industry. "While extreme, a historical precedent exists," Johnson wrote. "Horses once filled the many roles that cars fill today, but as the automobile came along, the population of horses dropped sharply."
"By removing the driver from the equation (the largest cost in a taxi ride), the average cost per mile to the consumer could be 44 cents for a private ride in a standard sedan and 8 cents for a shared ride in a two-seater," Johnson wrote, noting that would be "well below" the $3 to $3.50 a mile consumers now pay to ride in an UberX car or the $1 to $1.50 a mile for an UberPool vehicle.
(Score: 0) by Anonymous Coward on Thursday May 21 2015, @04:13PM
Instead of waiting half an hour under stress on a crowded street in between other cars, you'll wait half an hour doing something useful or for pleasure until your robotaxi arrives. Sounds like a win to me. And also if you buy your own car, you'll probably also buy a self-driving one, so you just can order the car back home to allow other family members to use it until you need it again in the evening.
I don't think it is a common occurrence that several family members independtly go to separate grocery stores at the same time. Therefore one family car is more than enough for this.
You do the same as with a normal taxi: Order it in advance.
(Score: 2, Informative) by Anonymous Coward on Thursday May 21 2015, @04:20PM
until your robotaxi arrives
And we shall call this technology....... wait for it... A BUS!
(Score: 2) by gnuman on Thursday May 21 2015, @06:55PM
Except my bus will then arrive at my door, not 2 miles down.