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Technology Stocks : Investing in Exponential Growth
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From: Paul H. Christiansen5/30/2017 11:14:44 AM
   of 1084
 
It Could Be 10 Times Cheaper To Take Electric Robo-Taxis Than To Own A Car By 2030



Ask a typical industry analyst how long it might take Americans to take most trips in electric cars, and they might say the middle of the century–or later. The Energy Information Administration predicts that only about 3% of miles traveled in the U.S. in 2050 will happen in electric cars. But a new report suggests that it could happen in a little more than a decade.

Self-driving cars, the report predicts, will make ride hailing so cheap that the market will quickly transform–and because electric cars can last longer with heavy use, it will make economic sense for those cars to be electric, as well. By 2030, 95% of passenger miles traveled in the U.S. could be happening in on-demand, autonomous electric cars owned by fleets rather than individuals. The average family could be saving $5,600 a year on transportation. Also, the oil industry could collapse.

The linear, incremental growth of electric vehicles predicted by some analysts might be wrong. “This is not an energy transition,” says James Arbib, a London-based venture investor who co-authored the Rethinking Transporation report with serial entrepreneur and author Tony Seba. “This is a technology disruption. And technology disruptions happen in S-curves. They happen much more quickly.”

fastcompany.com

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