A team of analysts from Morgan Stanley on Thursday published an updated list of the bank’s “Shared Autonomous 30” — a group of companies that the team thinks will influence a big transition from a world in which vehicles are sold to a world in which more emphasis is placed in how much vehicles are driven.
“The 100-year-old auto industry business model is facing unprecedented technological disruption, starting with the very definition of the market itself — moving from ‘millions of units sold’ annually to ‘trillions of miles traveled’ annually by the global car parc,” the analysts wrote.
“Shared, autonomous and electric mobility,” they added “addresses many of the shortcomings of the current industry model, including low utilization (cars are used 4% of the day with an available seat mile utilization of barely 1%), consumption of finite resources (cars consume nearly 400 billion gallons of fuel per year, accounting for 45% of US oil demand), and public safety (roughly 3,500 traffic fatalities per day globally).”
Read full story here: Morgan Stanley’s Shared Autonomous 30 List Has No Major Automakers – Business Insider
