The Death Spiral for Cars, If We Let It By James Reed

I have noticed that articles like the one extracted below are appearing, where in accordance with the Green climate change agenda, it is prophesied that private ownership of cars will end by 2030, at least for ordinary people, but not of course for the elites like Bill Gates who will always have an exception. So, how will people get to work to keep the insane system going? Why, there will be electric vehicles. The prediction below is that one will get a free trip in a fleet electric vehicle while drinking designer coffee.

It is delusional. Sure, if we let them, private cars will go, but don’t expect the elites to give any backup, since one needs to bracket into the equation the Great Replacement by AI, and global depopulation, things well discussed at this blog.

https://reneweconomy.com.au/death-spiral-for-cars-by-2030-you-probably-wont-own-one-93626/

“By 2030, you probably won’t own a car, but you may get a free trip with your morning coffee. Transport-As-A-Service will use only electric vehicles and will upend two trillion-dollar industries. It’s the death spiral for cars.

A major new report predicts that by 2030, the overwhelming majority of consumers will no longer own a car – instead they will use on-demand electric autonomous vehicles.

By 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.

The provision of this service may come virtually free as part of another offering, or a corporate sponsorship. Imagine, for instance, paying a token sum for a ride into town after buying a latte for $4.50. Or getting a free ride because the local government has decided to make transport easier.

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 will overcome the current desire for individual car ownership, starting first in the big cities and then spreading to the suburbs and regional areas.

This disruption will have enormous implications across the transportation and oil industries, decimating entire portions of their value chains, causing oil demand and prices to plummet, and destroying trillions of dollars in investor value, not to mention the value of used cars.

At the same time it will create trillions of dollars in new business opportunities, consumer surplus and GDP growth.

Lead consultant and co-author Tony Seba, who specialises in disruptive technologies. His early forecasts for the enormous uptake of solar where considered crazy, but were proved right, and he has since said that new technologies will make coal, oil and gas all but redundant by 2030).

He says while the report focuses on the US, the forecasts are valid for Australia too, because the transportation industry is global. And he warns that the car you buy now may well be your last.”