Big changes are coming in the world of transportation that could take us from electric vehicles to autonomous electric vehicles and, ultimately, to a new norm of private transport as a service, eliminating car ownership altogether. These developments will usher in major social and economic changes, and present significant opportunities – and pitfalls – for investors.
“Our mental models about mobility – individually owned cars, gas stations, traffic jams, the driver’s license as a rite of passage – are on the verge of disruption, states a recent McKinsey Quarterly article. Mobility is about to become cheaper, more convenient, a better experience, safer, and cleaner – not 50 or even 25 years from now, but perhaps within a dozen”.
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