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U.S. auto sales may drop about 40 percent in the next 25 years because of shared driverless cars, forcing mass-market producers such as General Motors Co. and Ford Motor Co. to slash output, a Barclays Plc analyst said.

Vehicle ownership rates may fall by almost half as families move to having just one car, according to a report published Tuesday by the analyst, Brian Johnson.

Driverless cars will travel twice as many miles as current autos because they will transport each family member during the day, he wrote.

Large-volume automakers “would need to shrink dramatically to survive,” Johnson wrote. “GM and Ford would need to reduce North American production by up to 68 percent and 58 percent, respectively.”

Self-driving cars have become a frequent topic for auto executives as the technology for the vehicles emerges.



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