ReThinking Transportation: Summary

Costs and Speed of Adoption

Transport-as-a-Service (TaaS)

The convergence of electric vehicles (EVs) with autonomous technology and ride hailing will create an entirely new form of transportation: transport-as-a-service (or robo-taxis). TaaS has the potential to transform our road transportation system. It will lead to the end of car ownership, as people can access cars when needed with no upfront costs, and pay a charge per mile (or a subscription) vastly lower than the cost of driving their own vehicle. These cars will be fleet-owned and will be in use far more than vehicles currently – traveling 10 times the distance of an individually-owned car each year (100,000 miles instead of 10,000 miles). The transition will happen far faster than expected, driven mainly by economics.