Detroit Bureau on Twitter

Posts Tagged ‘future of autonomous vehicles’

“Passenger Economy” Will Grow to $7 Trillion by 2050, Forecasts Intel

Ride-sharing and autonomous vehicles likely to “a massive reconfiguring of the U.S.”

by on Jun.02, 2017

Waymo recently launched a pilot ride-sharing program in Phoenix using autonomous Chrysler minivans.

Two new automotive technologies are likely to not only transform the way we get from Point A to Point B but impact virtually every aspect of our daily lives, according to a new study from computer chip giant Intel.

In the process, autonomous vehicles and ride-sharing will create a market for new goods and services likely to reach $800 million by 2035 and then climb, by 2050, to a staggering $7 trillion – more than a third the size of the American economy last year. And those figures don’t even include the actual cost of the new generation of vehicles that will dominate, perhaps even completely take over, U.S. highways.

The Future is Now!

We are heading towards a situation where “we humans become riders, instead of drivers,” said Doug Davis, an Intel vice president and co-author of the new study which looks at what the chip manufacturer is calling the “passenger economy.” While there are many unknowns, Davis says that, “At the end of the day, this presents a huge opportunity.”

(more…)