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This means that they will optimise for minimum waste of resources in building and operating vehicles, including designing vehicle platforms with parts that are interchangeable and recyclable.вЂќ

вЂњThe survival of car manufacturers will depend on building cars with long lifetimes and low operating costs. The cost of maintenance will be one-fifth the cost of current cars, the cost of finance one tenth, and the cost of insurance also one tenth. Moreover, battery technology will improve, needing to be replaced only once, and old batteries will be able to used elsewhere (in the power grid). Maintenance costs will be significantly lower вЂ“ thanks to 20 moving parts in the powertrain compared to 2,000 for petrol cars вЂ“ and the miles travelled significantly higher they will be doing 1.6 million km by 2030, more than five times more than petrol cars. But the depreciation costs will be minimal, because the cars, owned by fleets, will вЂњlast a lifetimeвЂќ. Within few years, the upfront costs of AEVs will match those of petrol cars. Like his predictions on the rise of solar, and the sudden decline of fossil fuels, SebaвЂ™s calculations are driven by simple economics. Why is this? Because everything will be cheaper. And four times cheaper than the cost of already owned vehicles. вЂњBasically, the day that autonomous vehicles are regulatory accepted, transport-as-a-service will be 10 cheaper than cost of new vehicles,вЂќ he says. This is going to be no different.вЂќДЄnd that change, he says, will happen on day one of level 5 autonomous EVs obtaining regulatory approval. вЂњEvery time we have had a ten x change in technology, we had a disruption. It happened with the printing press, it happened with the first Model T вЂ“ it cost the same as a carriage and two horses, but offered 10x the horsepower. But what he sees in the transition to autonomous EVs from privately owned petrol cars is the same he has seen for all other major transitions: what he calls the 10x opportunity cost. Seba admits that his forecasts are hard to digest. By 2030, 40 per cent of cars will still be privately owned, but they will only account for 5 per cent of kilometresВ traveled.ДЄutonomous cars will be used 10 times more than internal combustion vehicles were, they will last longer вЂ“ maybe one million miles (1.6 million km) вЂ“ and the savings will injectВ an additional $1US trillion into the pockets of Americans by 2030. Seba does not say that individual car ownership will completely disappear. Indeed, there are some people who are starting to anticipate this change, considering Australian-based business models and even local manufacturing, such as t hose revealed on Monday by Michael Molitor, the head of a new company called A2EmCo. вЂњFurthermore, the disruption will start in cities with high population density and high real estate prices вЂ“ think Sydney and Melbourne then Perth, Brisbane and Adelaide вЂ“ and quickly radiate out to the suburbs, the smaller cities, and then rural areas.вЂќ вЂњAnd this is going to happen despite governments, not because of governments.

So yes, this applies to Australia,вЂќВ Seba tells RenewEconomy.

The report, by RethinkX, an independent think tank that focuses on technology-driven disruption and its implications across society, says this stunning and radical will be driven entirely by economics, and willВ overcomeВ the current desire for individual car ownership, starting first in the big cities and then spreading to the suburbs and regional areas.

Sunflowers wooden fence closeup brown summer copy space free#

Or getting a free ride because the local government has decided to make transport easier. Imagine, for instance, paying a token sumВ for a ride into town after buying a latte for $4.50. The provision of this service may come virtually free as part of another offering, or a corporate sponsorship. ItвЂ™s the death spiral for cars.ДЄ major new report predicts that by 2030, the overwhelming majority of consumers will no longer own a car вЂ“ instead they will use on-demand electric autonomous vehicles.Д«y 2030, within 10 years of regulatory approval of autonomous electric vehicles (A-EVs), the report says, 95 per cent of all US passenger miles traveled will be served by on-demand, autonomous, electric vehicles that will be owned by fleets rather than individuals. Transport-As-A-Service will use only electric vehicles and will upend two trillion-dollar industries. By 2030, you probably wonвЂ™t own a car, but you may get a free trip with your morning coffee.