LessThunk.com

DAILY COMMENTARY

 

AUTO MARKET: Why do we need so many cars anyway ? Buckle-up for change..

LessThunk: With the rise of Uber and the driverless-vehicle revolution kicking-in, pretty soon every routine trip you take on four wheels is going to be in a vehicle owned and operated by someone else. Usually the second most expensive purchase a family makes (after the house itself), current estimates claim that we own cars that sit idle for an average of 23 hours a day. Amazon style deliveries are taking to the roads (and to the air), UBER and the clones are globally convenient for city-dwellers who travel, app-driven-robotic transportation is already operating in UK and there may be more innovation to come. So, all the inefficiency & costs attached to buying, running, insuring, storing, parking, protecting & maintaining a personal car will soon evaporate; though in the mean time, there will be some innovations to drive us there..

 

http://www.bloomberg.com/news/videos/2015-02-20/is-the-uber-economy-a-threat-to-u-s-auto-industry-?hootPostID=e1b371d86719e9fba795a6a76de3160b

http://www.theguardian.com/technology/2015/feb/11/driverless-cars-roll-out-trials-uk-roads

http://www.huffingtonpost.com/gina-coplonnewfield/how-many-electric-cars-do_b_6707170.html

http://www.theverge.com/2015/2/2/7966437/6-reasons-to-be-terrified-about-the-future-of-transportation


Categorised as: Life

Posted by: Phaedrus



Disclaimers – All content here is NOT presented as investment advice; LessThunk is NOT endorsing any website or specific investment by displaying external links.

We may or may-not (coincidentally) hold some quantity of stock or other investment related to any given post, no endorsement is implied in any sense.

css.php