Self Driving Cars..1 Mar 2021 09:38
Just posted this already this morning but the thread has disappeared. Will add more info to this one. I follow the research of various investment groups and Ark Investment has done some great research into the self driving car space. Here's a copy and paste of a few bits. Maybe the link was deleted by mods as its a sign up for a report link?? Anyway, if you search Ark Investment and self driving you will find it.
Highlights..
In a recent research report ARK illustrates that before 2020 fully autonomous vehicles could become commercially available, enabling the rise and rapid growth of autonomous taxi networks. These networks should decrease the cost and inconvenience of point-to-point mobility dramatically, spurring a transformative boost in economic productivity. As a result, the traditional automotive industry may be subsumed by mobility-as-a-service (MaaS) platforms that could become one of the most valuable investment opportunities in public equity markets. Here are seven takeaways for investors interested in the rise of self-driving cars;
1. Autonomous Taxis Should Reduce the Cost of Door-to-Door Mobility Radically
ARK estimates that autonomous taxis will cost consumers $0.35 cents per mile, or roughly half of the all-in cost car owners pay to drive today, thanks to much higher utilization rates. These compelling economics will drive widespread adoption of autonomous taxi networks.
2. Global Vehicle Miles Traveled Should Increase
ARK expects traffic to increase to almost three times today’s levels by 2030. Autonomous taxi platforms will allow the non-driving population, which includes the blind, elderly, and young teens, affordable and convenient transportation options. While traffic will likely increase, autonomous cars should operate more efficiently, and give passengers a more pleasant experience than just sitting behind the wheel.
3. ARK Believes Global Auto Sales Volumes Will Be Lower Than Anticipated
Autonomous cars will likely cause a shift away from personally owned vehicles, which will depress global auto sales volumes in the coming decades. ARK’s research shows that auto sales will fall by nearly half in developed markets while, in the developing world, long-term auto volumes will still increase, but at a rate much slower than expected today.
4. Autonomous Taxis Should Boost U.S. GDP
While a loss in future auto sales may seem like bad news for the economy, ARK predicts that self-driving cars will bring economic benefits worth roughly $120,000 in net present value over 15 years for every U.S. consumer that forgoes buying a personal car. Among these economic benefits, ARK sees additional service revenue, more discretionary time for passengers relieved of driving responsibilities, and higher capital returns from repurposing land used for parking lots. Indeed by 2035, ARK predicts that autonomous taxis will add more than $2 trillion to U.S. GDP, as shown below.