Greentech Media brings to attention a report by analyst firm RethinkX which predicts the death spiral of the American auto industry. Reportedly, "transport-as-a-service" (TaaS) will be able to provide cheap, reliable transportation summoned easily with a smartphone, rendering the need to own an expensive car obsolete.
For automakers, that could mean a severe death spiral, similar to the one that some predict for utilities. “Individual vehicle ownership, especially of internal combustion engine vehicles, will enter a vicious cycle of increasing costs, decreasing convenience and diminishing quality of service,” the authors write.
Car companies that continue to focus on manufacturing traditional gasoline-powered cars for traditional ownership models, as well as auto dealers and insurance companies, could face “total disruption” and “almost complete destruction.”
All car companies are well aware of these trends with electric and self-driving cars, but most are probably not expecting this kind of disruptive intensity. The report predicts sales of gasoline-powered cars, the value of used gasoline-powered cars, and car dealerships will all be utterly destroyed.
|"What we really need is a sound way to teach our machines to be ethical."|
|100 years on, thinker's predictions mostly true|
|"The Internet of Things is going to be a security and privacy disaster."|
|Giles Turnbull on "The Internet of Actual Things"|
|“The way we produce energy today is deadly.”|
|“The Reality of Building Fantasy.”|
|“That is actually not the way the world has worked for most of human history.”|
|U.S.S. Enterprise Owner's Manual|
|“Systemd is, to put it mildly, controversial.”|
|How to Avoid Jury Duty|
|“How did different tooth replacement strategies evolve?”|
|CaptchaTweet: Write Tweets in Captcha Form|
|iPhone 6, the First Smartphone to Disrupt NSA's Spying|
|The (Very Scary) People of Public Transit|
|“The Amazon Dash button for horny men and women who don’t feel comfortable telling their partner they’d like to have sex.”|
|Testing Whether the Earth is Round or Flat|
|“If you’re dating, you’re going to be let down. You’re not going to be everyone’s cup of tea.”|