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News Link • Technocracy

Cars In Death Spiral:

• By Giles Parkinson

Technocrats will destroy trillion dollar industries just because they can. Autonomous vehicles fueled by Artificial Intelligence and electricity will become the norm and combustion engine cars will be a distant legacy of the industrial revolution. ? TN Editor

By 2030, you probably won't own a car, but you may get a free trip with your morning coffee. Transport-As-A-Service will use only electric vehicles and will upend two trillion-dollar industries. It's the death spiral for cars.

A major new report predicts that by 2030, the overwhelming majority of consumers will no longer own a car – instead they will use on-demand electric autonomous vehicles.

By 2030, within 10 years of regulatory approval of autonomous electric vehicles (A-EVs), the report says, 95 per cent of all US passenger miles traveled will be served by on-demand, autonomous, electric vehicles that will be owned by fleets rather than individuals.

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