Technology company Intel Corporation is predicting that autonomous driving will cause a new “passenger economy” to emerge to support the idle time when drivers become riders, an economy that will be more than twice the size of the “sharing economy.”

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The findings were contained in a new study titled Accelerating the Future: The Economic Impact of the Emerging Passenger Economy and released on Thursday. The study, prepared by analyst firm Strategy Analytics, predicts an “explosive economic trajectory” growing from US$800 million in 2035 to US$7 trillion by 2050 “as autonomous vehicles become mainstream,” Intel said in a press release.

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