Posted: 04/19/2017 - Views: 304

Will Autonomous Cars Transform The Energy Industry

Will Autonomous Cars Transform The Energy Industry | kvjournal.ru
A recent study by the Boston Consulting Group (BCG) concluded that by 2030 a quarter of all miles driven in the U.S. will most likely be in autonomous vehicles.

BCG’s core message that the automotive industry “is on the brink of a major transformation” and that “for millions of Americans … the next vehicle they purchase may be the last car they ever own” did not surprise us. When back in 2015 we began researching current developments in the automobile industry in order to assess how these could eventually impact the transportation industry’s crude oil demand, it quickly became clear to us that the future of driving is autonomous.

As we documented in “The Second Automotive Revolution: Implications for the Oil Industry”, self-driving cars will simply offer a better value proposition than the conventional car. Most people see the act of driving as a necessary waste of time and would rather spend that time doing something else – which self-driving cars will make possible. Self-driving cars will also reduce road congestion since they improve the flow of traffic, drive more safely thus reducing the number of congestion-causing accidents, and require less distance between them for safe driving so more of them can fit onto any given stretch of road. Furthermore, as an estimated 30 to 60 percent of cars driving in the inner city are simply looking for parking, self-driving cars will reduce the burden on existing roads and solve the parking problem of America’s inner cities – self-driving cars do not need to park, after all, after drop-off they just drive-off.

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Posted and Edit by kvjournal.ru 04/19/2017