The report was published by RethinkX, an “independent think tank” created by James Arbib, a London-based venture investor, along with serial entrepreneur and author Tony Seba. It says that as self-driving vehicles become common, most people will stop owning cars and instead pay by the ride for Uber-like on-demand autonomous electric vehicles. Doing so could save a family more than $5,600 a year — equivalent to a wage raise of 10% for the median American household.
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“This will keep an additional $1 trillion per year in Americans’ pockets by 2030, potentially generating the largest infusion of consumer spending in history,” the report says.