WHITE PAPER

Mobility-As-A-Service:
Why Self-Driving Cars Could Change Everything

October 25, 2017

  • 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. 

 

Fill out to download:

©2024, ARK Investment Management LLC (“ARK”). All content is original and has been researched and produced by ARK unless otherwise stated. No part of ARK’s original content may be reproduced in any form, or referred to in any other publication, without the express written permission of ARK. The content is available for informational purposes only and is subject to change without notice. All statements made regarding companies or securities or other financial information on this site or any sites relating to ARK are strictly beliefs and points of view held by ARK or the third party making such statement and are not endorsements by ARK of any company or security or recommendations by ARK to buy, sell or hold any security. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, please see the Terms of Use for this site.