Ark Invest Research predicts fully autonomous vehicles could become commercially available before 2020, enabling the rise and rapid growth of autonomous taxi networks as soon as 2019.
Related: Report: Autonomous cars to drive $81 billion in new insurance premiums
These networks should decrease the cost and inconvenience of point-to-point mobility dramatically. As a result, the traditional automotive industry may be subsumed by mobility-as-a-service (MaaS) platforms that could become one of the most valuable investment opportunities in public equity markets.
Related: A closer look at the online insurance consumer [infographic]
Here are seven takeaways from Ark on the rise of self-driving cars. Download the full report from Ark Invest Research.
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Shawn Moynihan
Shawn Moynihan is Editor-in-Chief of National Underwriter Property & Casualty. A St. John’s University alum, Moynihan has earned 11 Jesse H. Neal Awards, the Pulitzers of the business press; seven Azbee Awards, from the American Society of Business Press Editors; two Folio Awards; and a SABEW award, from the Society of American Business Editors & Writers. Prior to joining ALM, he served as Managing Editor/Online Editor of journalism institution Editor & Publisher, the trade bible of the newspaper industry. Moynihan also has held editorial positions with AOL, Metro New York, and Newhouse Newspapers. He can be reached at [email protected].
