After seeing the Lucid Air—Tesla’s most formidable competition to date—at the 2017 New York International Auto Show, it’s clear that electrification is the future of transportation. Not only do electric cars deliver exceptionally low running costs and valuable peace of mind to more environmentally conscious drivers, but more and more examples are turning in performance benchmarks normally reserved for exotic hypercars. Continue reading >>>
Put aside Chance the Rapper’s Grammy win and in-song references to the name-brand ride-hailing app, and the past 30 days haven’t been a great for Uber. This past month, the San Francisco-based tech giant suffered one publicist’s worst nightmare after another, and its competitors are taking notice. While the company nearly synonymous with ride-hailing spends more and more time improving its image, cross-town rival Lyft announced yet another expansion, setting up operations in 94 additional cities since the start of 2017. Continue reading >>>
When flying on an airplane, travelers generally don’t care if the maker of the plane is Boeing or Airbus, but they do care if the carrier is United or Southwest. Apply that thinking to the world of cars as autonomy sets in over the next decade or so, and perhaps it won’t matter if the maker of the car is Ford or Chevrolet, but if the operator of the car is Uber, Lyft, or even IBM.
Automotive News published an in-depth article about the future of car brands, and it doesn’t look good for automakers as we know them today.
Following the stock prices and industry valuations in the auto business can be an exercise in futility, not to mention an exceptionally dull experience without much reward.
The numbers, though, can provide an interesting glimpse into the trends, and the possible future, of the automotive industry.
An article at CNN Money dives into the dismal May sales numbers automakers have reported and their effect on stock prices. Other factors, including increasing fuel prices and automotive scandals, are contributing to slower sales.
All of this to say that, in addition to individual auto sales, automakers need large companies to purchase fleets of vehicles to help boost their numbers. One of the largest, and potentially one of the last, companies likely to purchase large numbers of cars is ridesharing startup Uber.
The irony here goes beyond measure.
Read this quote, and then we’ll discuss:
Autonomous cars will be commonplace by 2025 and have a near monopoly by 2030, and the sweeping change they bring will eclipse every other innovation our society has experienced. They will cause unprecedented job loss and a fundamental restructuring of our economy, solve large portions of our environmental problems, prevent tens of thousands of deaths per year, save millions of hours with increased productivity, and create entire new industries that we cannot even imagine from our current vantage point.
The author goes into a great deal of predictions on what is to come for the future of cars that drive themselves, even going so far as to say the majority of car purchases won’t be by individuals, but by car-sharing and transport services like Uber and Zipcar.