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June 14, 2020

TaaS- means winter is coming for the oil industry…

Transport as a service ( TaaS) is about to revolutionize our world no less than the impact of what the iPhone did for communication in June 2007.

Thirteen years later TaaS time has arrived with  the convergence of electric vehicles and autonomous (Driverless) transportation technology being tested and certified as safe which is going to transform our oil reliant economy and reform how we travel, lessen the need for car ownership and eliminate reliance on oil all while saving millions of lives each year while improving our planets well-being.

Knowing what is before us creates individual investment opportunity to uniquely benefit for those paying attention as a new Societal paradigm brings about an exciting brave new world.

The tipping point for this shift of course is the lower cost and substantial savings to our economy as electric, autonomous  driverless cars take over the marketplace in the next few years.

Lithium batteries will allow travel of 400-600 miles on a charge for pennies on the dollar and electric cars require much less maintenance with less moving parts and can travel 500,000 miles with little maintenance cost as compared to the best of gas powered vehicles.

Winter for the oil industry is coming.

in the past year alone autonomous vehicles have been tested and driven millions of miles to the equivalent of what testing had occurred over the prior ten years.

Look for public companies like Waymo owned by Google, Uber,  Nio and Nvidia and many others to benefit from the coming shift to electric energy in transportation and autonomous driving technology.

 

 

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