“The fact is that a driverless car would slash hundreds of billions of dollars of annual revenue, or even trillions, from all sorts of entities: car makers, parts suppliers, car dealers, auto insurers, auto financiers, body shops, emergency rooms, health insurers, medical practices, personal-injury lawyers, government taxing authorities, road-construction companies, parking-lot operators, oil companies, owners of urban real estate, and on and on and on. At the same time, the driverless car will create enormously lucrative business opportunities to serve new customer needs. I’ll turn first to the revenue that is in peril and then examine the opportunities.”
(Visited 66 times, 1 visits today)
Related posts:
The Cyprus Depositor Haircut
The True Value of Bitcoin
Bill Bonner: College is a con
Rebuilding Mogadishu with Local Knowledge
Three major fault lines in Syria! Will they explode?
Those "Inexplicable" Paris Attacks
CITIZEN SAFETY ALERT: You Have The Right To Go Home To Your Family Too
Real ID Exposed: It Is Worse Than You Think
Bifurcation Nation
Factory-Like Schools Are the Child Labor Crisis of Today
Fifty States of Fear
Judge Napolitano: Spying and Lying
The Voters Who Stayed Home
Why the Media is Desperate to Reclaim its “Gatekeeper” Status for News
Jurisdictional Competition: Why the West Became Rich While Asia languished