According to Forbes' Stephen McBride, self-driving cars are here right now and will be an existential threat to the car industry. He cites Waymo as the prime example, a company that gets little to no attention due to being a subsidiary of Alphabet, yet clocking one million self-driving miles a month.
Why pay for car loans, insurance, registration, inspections, repairs, parking, oil, and gas when you can summon a safe, inexpensive driverless car to pick you up anytime you want?
Approximately 63% of Americans live in urban areas. I think it’s safe to assume at least half the folks who own cars in cities today will ditch them in the coming years.
Did you know that 2017 marked the first year that auto sales fell since the financial crisis? It’s an early sign of the unfolding disruption that will eventually shatter the auto industry.
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|"30 percent of the cost of a car is the cost of distribution."|
|“Ride sharing is pulling from and not complementing public transportation.”|
|"By controlling the pace of the autonomous car in the study, they were able to smooth out the traffic flow for all the cars"|
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|“Google isn’t liable because it is nothing and nowhere and endless.”|
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|“The world’s first hydrogen-powered train.”|
|Japanese Robot Serves Ice Cream From Inside a Vending Machine|
|“A dystopian vision of the future is already happening in China.”|
|“The first-ever driverless mass transit test program.”|
|"Emotional-processing software has gotten so good that ad companies are looking into 'mood-targeted' advertising."|
|Hit "Insert Coin" Twice and Play Google Pac Man With Two Players|
|The (Very Scary) People of Public Transit|
|“Rubbish waste is now so prolific it will become fossilised.”|
|“Rejuvenation is Finally an Industry.”|