A recent report from an international auditing corporation KPMG shows that in the next 35 years, drivers on American roads will be driving about a trillion more miles compared to what they are driving today. These figures are far more significant if we consider the fact that vehicle ownership in the country is predicted to decline sharply over the next three to four decades. The reasons are said to be:
- The rise of ride sharing services such as Uber and Lyft
- The introduction of self-driving cars, which could enter markets in next 5-10 years
- The younger, urban millennials do not give as much importance to vehicle ownership as the previous generations did
This is what Gary Silberg, the automotive leader for KPMG had to say about the findings
“The automotive landscape will significantly change as a result of autonomous vehicles, and consumer behavior will dictate the rate of adoption. Like the smartphone, let’s not underestimate the power of these changes and the vast potential for new business models to satisfy them.”
“Those increases would have a profound but unknown impact on vehicle sales, car ownership models, energy demand, and infrastructure…To be quite frank, I’m not sure people understand the enormity of the change, nor are we ready for it.”
Key findings of the KPMG report
The study has found that although miles driven would increase significantly by 2050, not all drivers would be driving more in the next 3-4 decades. The researchers have predicted that:
- Younger and middle age individuals will be responsible for the sharp increase in miles driven
- Vehicles will need to have a flexible architecture to meet the demands and expectations of consumers
- For these age groups, the surge in miles driven will be due to the increasing reliance on ride sharing services or self-driving vehicles, and not due to the fact these individuals will actually drive more often
- Start-up companies and tech companies will become key players in the automotive industry, as these companies are usually better able to sense consumer changes
These findings are particularly significant for auto manufacturers, who would now want to focus on innovative solutions with a view to adapt to these predicted chances, and also to create a whole new driving experience for consumers.
This huge increase in the number of miles driven is also likely to bring about an increase in St. Louis car accidents. This makes it vital that traffic authorities gear up to create infrastructure and systems that can help cater to more number of vehicles particularly ride sharing vehicles and self-driving vehicles on the U.S. roads.
If you have been injured in a car accident, you should contact a competent and experienced St. Louis auto accident attorney. Give our experienced attorneys a call anytime, nights or weekends, at (314) 361-4242 for a free case evaluation.