Sudeep Moniz is a Melville, New York, financial professional. With an interest for electric cars and alternative energy, Sudeep Moniz has a particular interest in developments in the automation and autonomous driving spheres.
A recent Quartz article brought focus to the increasingly relevant question as to how long it will take self-driving electric vehicles to render traditional combustion-engine cars outmoded.
Estimates vary widely, with the Silicon Valley think tank RethinkX positing that autonomous electric cars could deliver as much as 95 percent of passenger miles traveled across the country by 2030. This reflects a combination of low fuel and maintenance costs, as well as ability to remain productive 24/7.
Within a potential “transportation-as-a-service” (TaaS) mobility model revolution, TaaS could overtake privately owned vehicles as soon as 2025, as economics dictate the rapid adoption of new technologies.
Other analysts paint a much more gradual transition, with Deloitte forecasting that autonomous transport will not emerge as the dominant transportation mode until the mid-21st century. Bain & Company predicts that by 2025 partial or full automation will define only 10 percent of new vehicle systems.
