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Top 10 Industries Transformed By Self-Driving Cars – The End of Carcatecture

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It took 50 years for electricity to be adopted by 60% of households in the United States and only 10 years for cell phones. The adoption of self-driving cars could be even faster. Forecasts suggest that there will be as many as 21 million driverless cars in the United States and 27 million in Europe by 2030. In fact, ridesharing leaders like Uber and Lyft are banking on it.

The growing expectation is that car ownership will decline as transportation becomes a widespread service-on-demand. Add to this, the convergence of driverless cars with electric vehicles (EVs) and the transportation industry is facing a disruption not seen since the introduction of the Ford Model T. Predictions are that there will be 30 million EVs by 2030 with sales in China accounting for almost 50% of the global EV market.

9. Property

 

The modern city has largely been designed around the car. In the US today, 250 million cars and trucks share 164,000 miles of highways and 4-million-miles of public roads. Redesigning smart cities around on-demand EAVs will eliminate the need for parking as driverless fleets shuttle passengers to and from their destinations. Since the average privately owned car is only used 5% of the time, McKinsey estimates that self-driving cars will free up 61 billion square feet of unnecessary parking space in the US. Cost-efficient EAVs will entirely reshape commuter preferences disrupting both real estate and public transit.

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