Why Self-Driving Cars COULD Change Everything

An Original Research White Paper by Tasha Keeney, ARK Invest

  • 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.

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