Monday, June 01, 2015

Only 9,000 Cabs?

New York City taxi cabs
New York City taxi cabs (Photo credit: Wikipedia)
That is an amazing number. I just read it on the Gary's Guide newsletter.
"9000 self-driving cars could replace every taxi cab in NYC (avg wait only 36 secs & cost only $0.5/mile). Ancillary industries such as auto insurance ($198B), auto finance ($98B), parking ($100B) & auto aftermarket ($300B) will collapse as demand evaporates. The Transportation Cloud is coming."
Autonomous cars will destroy millions of jobs and reshape the US economy by 2025
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....... Morgan Stanley’s research shows that cars are driven just 4% of the year, which is an astonishing waste considering that the average cost of car ownership is nearly $9,000 per year. Next to a house, an automobile is the second-most expensive asset that most people will ever buy ...... Driverless cars do not need to park—vehicles cruising the street looking for parking spots account for an astounding 30% of city traffic, not to mention that eliminating curbside parking adds two extra lanes of capacity to many city streets. Traffic will become nonexistent, saving each US commuter 38 hours every year—nearly a full work week. As parking lots and garages, car dealerships, and bus stations become obsolete, tens of millions of square feet of available prime real estate will spur explosive metropolitan development. ...... As most autonomous cars are likely to be electric, we would eliminate most of the 134 billion gallons of gasoline used each year in the US alone. And while recycling 242 million vehicles will certainly require substantial resources, the surplus of raw materials will decrease the need for mining.
Taxi Cabs Factbook

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