Sure, Uber Takes Market Share from Big Taxi But It Also Expands the Market Significantly bloomberg.com/news/articles/… https://t.co/hAsTUk1rto—
Mark J. Perry (@Mark_J_Perry) October 19, 2015
By Siddharth Singh, 1st September, 2015
The Economist has a great feature on a future of self-driving cars titled, ‘From Horseless to Driverless‘. As the article describes, a future of automated vehicles will be very disruptive. Here are a few key takeaways:
- Utilization: Currently, cars sit idle 96% of the time. It is estimated that self-driving taxes would have utilization rates of more than 75%.
- Total number of cars on roads: A study in Lisbon showed that self-driving taxis could reduce the number of cars needed by 80-90%.
- Insurance: Car insurance in the US is worth $198 billion currently. This will substantially change as insurance cover moves from millions of individual consumers to a handful of automated taxi operators.
- Employment: A study at Columbia University estimated that 9000 taxis could replace all 13,000 taxis in New York.
- Accidents: A study estimated that if 90% of…
View original post 176 more words
Utopia, you are standing in it! 
Recent Comments