ARK estimates that autonomous taxis will cost consumers $0.35 cents per mile, or roughly half of the all-in cost car owners pay to drive today.
Autonomous cars will likely cause a shift away from personally owned vehicles, which will depress global auto sales volumes in the coming decades.
ARK expects traffic to increase to almost three times today’s levels by 2030.
Autonomous taxis should boost US GDP by more than $2 trillion by 2035.
Auto accident rates should decline by 80%.
The autonomous mobility-as-a-service market should exceed $10 trillion in sales by the early 2030s.
ARK believes investors may be undervaluing the opportunity of mobility-as-a-service today severely, and that in 5 years autonomous taxi networks could have a market cap of roughly $4 trillion.