Shared driverless vehicles are being hailed as a potential savior for carmakers facing a projected U.S. recession and an imminent drop in demand as baby boomers retire. Experts expect autonomous vehicles to become mainstream within a decade, OZY reports, with robotaxis accounting for 12 percent of new car sales by 2030. Meanwhile, the “passenger economy” may be worth $7 trillion by 2050.

Who else benefits? If Alphabet subsidiary Waymo becomes the industry’s go-to supplier, that could hand Google’s parent company 60 percent of the revenue pool in 10 years.

Sourced through Scoop.it from: www.ozy.com