Ride-hailing boom to hit auto sales growth
Southfield/new York: Ride-hailing companies like Uber Technologies Inc. will see demand boom between now and 2040, hobbling global auto sales growth, according to a new study from IHS Markit. As a growing number of consumers turn to ridehailing in shared cars that rack up more miles than personal ones, new light-vehicle sales growth will slow to a crawl.
The mobility-as-a-service industry will itself buy more than 10 million cars in 2040 in the four markets examined in the study—china, Europe, India and the Us—compared to about 300,000 in 2017, but it won’t be enough to prevent new car sales growth from slowing “substantially”, IHS Markit said. “A great ‘automotive paradox’—where more travel via car than ever, but fewer cars will be needed by individuals—will be a defining quality of the new automotive future,” said Daniel Yergin, IHS Markit vice-chairman. “The shift is just beginning.” BLOOMBERG as an order for Tesla to implement policies to prevent and correct harassment. “Although Tesla stands out as a groundbreaking company at the forefront of the electric car revolution, its standard operating procedure at the Tesla factory is pre-civil Rights era race discrimination,” the employee said in the complaint, filed on Monday in California’s Alameda County Superior Court. Tesla didn’t have an immediate comment on the lawsuit. BLOOMBERG