Posted on 06/06/2017 6:39:32 PM PDT by 2ndDivisionVet
The race to create self-driving cars is on—but what happens when they’re everywhere and nobody has to drive?
That could lead to a “passenger economy” worth $7 trillion by 2050, according to a new report by Intel and analyst firm Strategy Analytics.
While the name of the potential new market is lame, the amount of cash it's estimated to drive is not: the study predicts self-driving cars will free up 250 million hours of commuting time per year, providing the backbone for a thriving $800 billion industry by 2035, when the study predicts fully autonomous vehicles will begin to proliferate globally....
(Excerpt) Read more at mashable.com ...
Re: Going to hurt police revenue, though.
Also, the cost of car insurance will come way down, and a lot of collision repair shops, parking lots, and medical trauma specialists will disappear.
Robo car = Jihadist’s dream.
“will free up”
Yeah, right. A bunch of cars doing EXACTLY the speed limit all over.
Will be worse than when the school buses are out.
Sarcasm noted.
Instead of school buses there’ll be underground tubes that squirt the kids to school.
The only reason it will take that long is that the glut of people-driven cars will need time to replace. The factor that will probably push this change along will be when insurance is far too expensive for the average person to afford to drive. And car ownership will become far more expensive than cars-as-a-service. The technology is here now. And it is one of many that will probably make this world unrecognizable in a short while.
The elites want this so they can “nudge” where you go and when you go. They want to control you.
This is all about making driving unaffordable for the masses and forcing them to move into socialist hives(cities).
I still have to go to the office. It is a commute regardless of who is driving or who isn't.
Re: The point is that these corporations will not be putting as much back into the economy as they will be taking out of it.
Money does not stagnant.
You can buy the stock of these corporations and enjoy dividends and capital gains.
If they are private corporations, the owners will still do something with the money - spend it, invest it, fund R&D, fund new companies, give it away to family and friends, etc.
Anything to avoid looking up from the smartphone.
We have a 2006 Ford Freestyle that runs like a top even though I got it for a song about 3 years ago. Haven't spent a dime on it yet.
Not likely to happen as long as there are destinations too far off the map.
What they are basically saying is that each person will save about two minutes each way, every day. Multiply that two minutes person per day, over the course of a year and you will get 250 million hours.
It might be a bit more, but each person is not saving a lot of time themselves.
Or not
Must be the same economists who said obozo are would save money and improve health care
I don’t believe it will distribute back into the economy to circulate the same way. When you scale things up, a lot of money disappears. How many small business disappear whenever Wal-Mart sets up a new store? If they set up a store in Montana, the money leaves Montana and goes to Arkansas. I cant see Montana benefitting from that by much, outside a few employees having low paid work.
All the better to “control-you-with”, my dears.
People think it'll be an "either/or" thing. It won't be. For a long time coming, we'll still have our own cars that we'll drive. Other times, we'll use self-driving cars.
Personally, I'd use self-driving car to go to the airport, or anytime I'd use a taxi actually.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.