tooldoctor27 Dec 2017 16:16
The year I have heard as the tipping point is 2020 or between 2019 and 2021. Ok still low volumes in the greater scheme of things but a marked and persistent rise in volumes into the take off phase which is expected to be full blown by 2030.
In my opinion this is minimum expectancy. In fact as China tries to repair the damage done by their helter skelter industrialization IMHO it is going to be full blown by 2024 25. and the west will try to stay in the game .
My whole portfolio is skewed to this with junior metal miners and not an oily or steel share in sight.
Of course its difficult to see which way to go for motor manufacturers as folks giving up their petrol cars wont need to buy another car as autonomous car hire will be in with the likes of UBER who will have thousands of autonomous taxis skipping around.
Not to mention the huge swaths of super market car parking, wasteland and derelict multistory car parks await conversion to parks and return to inner city wilderness.