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Posted on Tuesday, July 25th, 2017 at 3:27 pm    

There is a lot of debate by experts and in the media about the future of self-driving cars in America. One company, RethinkX, an independent think tank focusing on technology’s impact on transportation, energy, finance and healthcare, believes that the self-driving automobile will soon become so culturally ubiquitous that it will lead to the abandonment of car ownership. And RethinkX says this will result in a one trillion-dollar boost in disposable income and a catastrophic shift for the oil industry and driver economy.

Unlike many experts,that believe that it could still be decades before self-driving cars take over, RethinkX thinks that the transition is just around the corner and expects self-driving autonomous cars to cause a major disruption in transportation in the next decade. RethinkX notes that tech companies such as Alphabet and automaker, Ford, have all been targeting around 2020 for the first commercial roll out of self-driving cars. RethinkX is predicting that such an event will be virtually an overnight sensation that will be no less transformative to the introduction to the model T. RethinkX predicts that by 2030:

• 95% of U.S. passenger miles will be via economist electric vehicles owned by companies providing transportation as a service.

• 60% of vehicles on the road will be dedicated to that service.

• The average household will pocket around $5600 a year by switching from car ownership to using autonomous self-driving vehicle services

Among the biggest disruptions that will occur will be to the oil industry and to the millions of Americans that drive for a living.
RethinkX also believes that car dealerships and auto part stores will face a major impact as car manufacturers pivot to becoming manufacturers of autonomous electric vehicles that are owned by ride hailing service companies.

What could possibly disrupt RethinkX’s view of the future? RethinkX thinks that perhaps the biggest potential road block is government regulators or lobbyist push back on laying out a clear plan for autonomous vehicles.

Source: An article appearing at on May 4, 2017 entitled “Self-Driving Vehicles to Make Car Ownership Vanish” by Marco Della Cava.