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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: 2) by edIII on Thursday May 21 2015, @09:29PM
That one gentleman is being interviewed by the FBI right now for his claims that he can hack into the flight control systems of an aircraft....
On that note.... just how difficult would it be for me to "arrange" for someone's accidental death on the road? The biggest issue with no drivers is that vehicles just turn into huge, heavy, and fast weapons moving down the road. You're walking down the side of the street, or enjoying a run, and then next thing you know a car diverts out from the slow lane onto the sidewalk, and over your body. Nobody in that car, means no human being to take control over the wheel.
I don't know about anybody else, but tons of steel moving down the road at speed being directed by our manufacturers, government, etc. is just scary as hell. It should be mandatory to have a driver in there at all times ready to take control, or as the AC states, why even give them control at all?
I'm with the AC on this, any software in use must be absolutely free and available for public inspection. However, government and corporations love to hide things and control them, not open up them and cooperate.
Technically, lunchtime is at any moment. It's just a wave function.