How Uber’s Autonomous Cars Will Destroy 10 Million Jobs And Reshape The Economy by 2025

25/Feb 2015 2 min. read
Tags// autos economy jobs
http://sanfrancisco.cbslocal.com/2015/01/27/how-ubers-autonomous-cars-will-destroy-10-million-jobs-and-reshape-the-economy-by-2025-lyft-google-zack-kanter/
Type:
text
Original date:
27 Jan 2015
Authors:
Zack Kanter
Projects:
Creo Animam

Autonomous cars will be commonplace by 2025 resulting in unprecedented job loss, solving environmental problems, preventing tens of thousands of deaths per year, saving millions of hours with increased productivity, and creating entire new industries.

Some very intersting stats!

Notes

  • cars are driven just 4% of the time
  • car ownership is nearly $9,000 per year
  • it is now more economical to use a ride sharing service if you live in a city and drive less than 10,000 miles per year
  • vehicle ownership among car sharing users was cut in half
  • Uber drivers take home at least 75% of every fare
    • with a fleet of just 9,000 autonomous cars, Uber could replace every taxi cab in New York City
      • passengers would wait an average of 36 seconds for a ride that costs about $0.50 per mile
  • in full auto society
    • the number of vehicles on the road will be reduced by 99%, estimating that the fleet will fall from 245 million to just 2.4 million vehicles
    • every company and service related to vehicles will be impacted
    • $198 billion automobile insurance market
    • $98 billion automotive finance market
    • $100 billion parking industry
    • $300 billion automotive aftermarket
    • manufacturers, rental car companies, public transportation systems
    • parking and speeding tickets: lower city income
    • yield over $1 trillion in additional disposable income
    • 90% reduction in crashes would save nearly 30,000 lives and prevent 2.12 million injuries annually
    • 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
Tags// autos economy jobs