Environmental legislation and an impending price explosion for insurrance alone will drive the nails into the automobile's coffin. How many people will be prepared to spend instead of $2000/year upwards of that per month for insurrance coverage? New auto technology are already having a profound disruptive effect on the insurrance industry and this will intensify when autonomous vehicles start to take over the road..
Environmental legislation and an impending price explosion for insurrance alone will drive the nails into the automobile's coffin. How many people will be prepared to spend instead of $2000/year upwards of that per month for insurrance coverage? New auto technology are already having a profound disruptive effect on the insurrance industry and this will intensify when autonomous vehicles start to take over the road..
http://www.iii.org/issue-update/self-driving-cars-and-insurance