In addition to driverless cars, increased usage of ride-sharing and ride-hailing services are projected to generate $1 trillion in revenue for suppliers globally by 2040, latest industry figures indicate, according to SCMP.
China, the world’s largest market for electric cars, has sought to position itself to spearhead the future of autonomous driving.
“The combined impact of mobility services, driverless technologies, electric cars and government policies [promoting them] will propel a national transformation in personal mobility,” said IHS Markit executive Jim Burkhard.
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