Self-driving cars could create a massive new $7 trillion economy

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The race to create self-driving cars is on—but what happens when they’re everywhere and nobody has to drive?   

That could lead to a “passenger economy” worth $7 trillion by 2050, according to a new report by Intel and analyst firm Strategy Analytics.

While the name of the potential new market is lame, the amount of cash it's estimated to drive is not: the study predicts self-driving cars will free up 250 million hours of commuting time per year, providing the backbone for a thriving $800 billion industry by 2035, when the study predicts fully autonomous vehicles will begin to proliferate globally.  Read more...

More about Intel, Economy, Sharing Economy, Self Driving Cars, and Tech

COntributer : Mashable http://ift.tt/2qLjjmW

Self-driving cars could create a massive new $7 trillion economy Self-driving cars could create a massive new $7 trillion economy Reviewed by mimisabreena on Saturday, June 03, 2017 Rating: 5

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