Will Autonomous Cars Transform The Energy Industry?

20 Apr 2017   Transportation

A recent study by the Boston Consulting Group (BCG) concluded that by 2030 a quarter of all miles driven in the U.S. will most likely be in autonomous vehicles. BCG’s core message that the automotive industry “is on the brink of a major transformation” and that “for millions of Americans … the next vehicle they purchase may be the last car they ever own” did not surprise us. When back in 2015 we began researching current developments in the automobile industry in order to assess how these could eventually impact the transportation industry’s crude oil demand, it quickly became clear to us that the future of driving is autonomous. As we documented in “The Second Automotive Revolution: Implications for the Oil Industry”, self-driving cars will simply offer a better value proposition than the conventional car. Most people see the act of driving as a necessary waste of time and […]

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