Ark Invest Research predicts fully autonomous vehicles could become commercially available before 2020, enabling the rise and rapid growth of autonomous taxi networks as soon as 2019.
Related: Report: Autonomous cars to drive $81 billion in new insurance premiums
These networks should decrease the cost and inconvenience of point-to-point mobility dramatically. As a result, the traditional automotive industry may be subsumed by mobility-as-a-service (MaaS) platforms that could become one of the most valuable investment opportunities in public equity markets.
Related: A closer look at the online insurance consumer [infographic]
Here are seven takeaways from Ark on the rise of self-driving cars. Download the full report from Ark Invest Research.
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