Autonomous car: driving toward the future.
BY THE LATE 2020s autonomous taxis should be the dominant form of door-to-door mobility. ARK expects traffic to increase almost three-fold by 2030.
When ARK Invest research expects autonomous taxi services to be commercially available, enabling the rise and rapid growth of autonomous taxi networks.
These networks should dramatically decrease the cost of point-to-point mobility. The traditional automotive industry could then be subsumed by mobility-as-a-services (MaaS) platforms that could become one of the most valuable investment opportunities in public equity markets.
ARK'S RESEARCH SHOWS THAT THE GLOBAL AUTONOMOUS MAAS MARKET WILL EXCEED $10 TRILLION IN GROSS REVENUE BY THE EARLY 2030s
WHILE A LOSS IN FUTURE AUTO SALES MAY SEEM LIKE BAD NEWS FOR THE ECONOMY, BY 2035, ARK PREDICTS THAT AUTONOMOUS TAXIS WILL ADD MORE THAN $2 TRILLION TO GDP IN the U.S. ALONE.
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 once used for parking lots.
AUTONOMOUS CARS SHOULD CAUSE A SHIFT AWAY FROM PERSONALLY OWNED VEHICLES, depressing global auto sales volumes in the coming decades. ARK's research shows that auto sales will fall by nearly 50% in developed markets.
SOURCE: ARK INVEST RESEARCH
DOWNLOAD THE FULL REPORT AT: HTTP://RESEARCH.ARK-INVEST.COM/SELF-DRIVING-CARS-WHITE-PAPER
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|Title Annotation:||THE CHALKBOARD|
|Publication:||Property Casualty 360-National Underwriter|
|Date:||Jul 1, 2017|
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