In a report to investors, Jonas wrote that the two most important technological trends in automotive transportation are the sharing economy and autonomous driving. He said those trends will fuse into what he calls “shared autonomy” or what is essentially a world of competing robotic taxi services.
Jonas envisions “roving fleets of completely autonomous vehicles in operation 24 hours a day, available on your smartphone. The car, on our estimates, is the world’s most underutilized asset. We believe it’s the most disruptable business on earth.”
An individual’s transportation cost per mile falls to as low as 25 cents a mile, or roughly 1/10th that of a traditional taxi, Jonas said. These automated taxi systems get launched in the megacities of developed countries, spread to the close suburbs and then become connected to other cities in a hub-and-spoke network of autonomous highways, Jonas said.