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This is a preview of a research report from Business Insider Intelligence, Business Insider's premium research service. To learn more about Business Insider Intelligence, click here.
Automakers are on the verge of a prolonged period of rapid change to the way they do business, thanks to the combined disruptive forces of growing on-demand mobility services and self-driving cars, which will start to come to market in the next couple of years.
By the end of 2019, Google spinoff Waymo, Uber, and GM all plan to have fleets of autonomous cars deployed in various US cities to provide on-demand rides for passengers. By eliminating the cost of the driver, these rides are expected to be far cheaper than typical Uber or Lyft rides, and even cheaper than owning a car for personal transportation.
See the rest of the story at Business Insider
See Also:
- Tesla and GM are running up against the EV tax credit limit
- Porsche is becoming a threat to Tesla as demand for the Taycan grows
- Pfizer and Intel are working on supply chain visibility
from Business Insider https://read.bi/2S97r7U
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