24 June, 2016

Disrupting motor trade, decongesting cities and slowing climate change


‘…the city would need only 10% of the existing cars to meet its transportation needs’

The transition to fully driverless cars is still several years away, but vehicle automation has already started to change the way we are thinking about transportation, and it is set to disrupt business models throughout the automotive industry.

Driverless cars are also likely to create new business opportunities and have a broad reach, touching companies and industries beyond the automotive industry and giving rise to a wide range of products and services.

New business models

We currently have Uber developing a driverless vehicle, and Google advancing its driverless car and investigating a ridesharing model.

Meanwhile, Apple is reportedly gearing up to challenge Telsa in electric cars and Silicon Valley is extending its reach into the auto industry.

These developments signal the creation of an entirely new shared economy businesses that will tap into a new market that could see smart mobility seamlessly integrated in our lives.

Read the piece in The Conversation - “Driverless cars will change the way we think of car ownership.”

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