RE future of EV cars and AI autonomous no human driver cars... my futurist view of things to come
The major cost of a courier / logistics / taxi service is the wage cost - paying people to drive. something like 30%+ of the world population will be out of a job when its fully integrated globally. a huge disruption to global economies! Lots of people that will need to find a "future" job that arent skilled for them yet.
AI systems will be 99% cheaper to run - one guy sitting on the computer monitoring systems vs thousands of drivers. the cost of a taxi / delivery service will plummet.
from a logistics perspective personal car ownership will virtually disappear. the total number of cars in the world will also significantly reduce in the long run.
People own cars now because its significantly cheaper than taxi / delivery services overall. instead of paying someone to drive - you do it yourself.
However that vehicle may only operate 1 - 2 hours a day - still has full manufacture cost and maintenance cost inherent. AI driven cars will run 24/7 getting greater economies / efficiency for those sunk costs - cheaper again. as they are operating 24/7 the need for total cars will reduce. One AI car does 20 trips a day - thats 10 people that previously owned individually that no longer do.
peak time pressures and logistics allowing of course - but other factors around population location distribution will also change requiring less centralization of work forces at set times - reducing those peak traffic period pressures and vehicle requirements.
not to mention the coming of AI drones. Uber eats for example - it makes no sense for fuel cost expenditure to cart 200kg's of scooter & driver to deliver a 500gm food package. better a 2-3kg flying unit with load capacity (cheaper to build / maintain / run) at a massive price reduction. Just as its dumb to build & maintain & fuel a 1.5tonne vehicle to transport an 80kg human as we do now with all those single passenger cars going around.
the vehicle logistics industry will be decimated by this.. no more driving to the shops in your car to pick up groceries.. drones doing all the work! All packages will be the same - vehicle size and operation determined to suit the package delivered. Humans included we will likely be flying sooner than later and roads will become a thing of the past.
Everyone will follow because personal ownership will be unecessary and expensive. Automous driving will be law mandated - people will be banned from driving as accidents / deaths will reduce to zero under AI. cars will become more homogenous as no one personally owns / all are ai driven - the interest in aesthetic differential design will fade - becoming more so hobbyist / sport than mass population driven. Vehicle design, engine size and output will be driven by AI systems and logistic efficiency use - not human preference.
eventually total numbers of cars in operation likely to reduce by 70% or more across the board through efficiencies derived by AI systems and new vehicle types such as drones. Although the total existing fleet will need to be totally turned over as all old vehicles scrapped and replaced - good news for manufacturers for a while. probably 50 odd years for this level of change to go through. The rate of growth of new tech / AI / qantam computing is exponential maybe quicker than that!
this is all good for EV and lithium though.. batteries to run them all! Solar and other emerging energy production tech will crush fossil fuels for price reductions as well as green energy / pollution reduction comes to the forefront and a whole wave of new machines requiring new batteries to power them.
interesting times ahead! meanwhile...Id rather my AGY shares go up this year and not in another 50 thanks!
AGY Price at posting:
9.0¢ Sentiment: Hold Disclosure: Held
