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Technology Stocks : Driverless autos, trucks, taxis etc.

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From: Sam11/11/2017 2:55:48 PM
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Bob Lutz: Kiss the good times goodbye
'Everyone will have 5 years to get their car off the road or sell it for scrap' Bob Lutz

It saddens me to say it, but we are approaching the end of the automotive era.

The auto industry is on an accelerating change curve. For hundreds of years, the horse was the prime mover of humans and for the past 120 years it has been the automobile.

Now we are approaching the end of the line for the automobile because travel will be in standardized modules.

The end state will be the fully autonomous module with no capability for the driver to exercise command. You will call for it, it will arrive at your location, you'll get in, input your destination and go to the freeway.
[....]

The vehicles, however, will no longer be driven by humans because in 15 to 20 years — at the latest — human-driven vehicles will be legislated off the highways.

The tipping point will come when 20 to 30 percent of vehicles are fully autonomous. Countries will look at the accident statistics and figure out that human drivers are causing 99.9 percent of the accidents.

Of course, there will be a transition period. Everyone will have five years to get their car off the road or sell it for scrap or trade it on a module.

more at autonews.com
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