Car Ownership ‘On The Way Out’

<html> <head> <meta content="text/html; charset=ISO-8859-1" http-equiv="content-type"> <title></title> </head> <body> <p class="MsoNormal">Car Ownership ‘On The Way Out’</p> <p class="MsoNormal">While car ownership is still something that people are keen to pursue, it’s possible that the concept could soon be a thing of the past, with new research suggesting that consumers will shift to using vehicles but not owning them – so there’ll be fewer cars on the road and fewer opportunities to make money from building cars in the future.</p> <p class="MsoNormal">KPMG’s <a href="https://home.kpmg.com/uk/en/home/media/press-releases/2017/01/owning-a-car-will-be-a-thing-of-the-past-in-less-than-a-decade.html">Global Automotive Executive Survey 2017</a> has found that 74 per cent of automotive executives in the UK believe that come the year 2025, more than half of today’s car owners will no longer want to own a vehicle, with mobility as a service and self-driving technology taking priority instead.</p> <p class="MsoNormal">What’s more, 62 per cent of those asked said that diesel technology is on its way out and they expect it to vanish from manufacturers’ portfolios entirely eventually. Interestingly, 93 per cent of executives said they intend to invest in technology for battery electric cars over the next five years.</p> <p class="MsoNormal">UK head of automotive with KPMG John Leech said: “Improvements in the cost and range of battery technology, coupled with growing concern over the emission of both carbon dioxide and nitrogen oxides from diesel engines, means that almost the whole automotive industry believes that the mass adoption of electric cars will happen during the next decade.”</p> <p class="MsoNormal">He went on to add that the UK is actually well suited to the early adoption of driverless cars as a service, since the country’s greenbelt policy has led to a “relatively dense” urban population. This, coupled with high fuel prices, means that robot taxis could see greater cost savings to members of the general public when compared with Europe or North America.</p> <p class="MsoNormal">Further research from the Department for Transport <a href="https://www.gov.uk/government/news/virtual-modelling-shows-driverless-cars-could-cut-delays-in-the-future">published earlier this month</a> (January 6<sup>th</sup>) has suggested that driverless cars could help to ease congestion and reduce delays significantly. Computer software was used to create virtual models of the road network, with the study finding that delays and traffic flow improved as the proportion of automated vehicles rose above specific levels.</p> <p class="MsoNormal">John Hayes, transport minister, said this study shows that these vehicles offer huge benefits to drivers, including more reliable journey times and reduced delays. The main findings of the report were that journey times were reduced by over 11 per cent and delays slashed by 40 per cent when measuring peak traffic times with a maximum of up to 100 per cent of driverless vehicles.</p> <p class="MsoNormal">Furthermore, on urban roads, benefits were also seen during peak traffic periods even when there were low levels of driverless cars on the road – including a 12 per cent improvement in delays and a 21 per cent improvement in reliable journey times.</p> <p class="MsoNormal"><i style="">If you need help and advice relating to </i><a href="http://www.ceauto.co.uk/jobseekers/advice/"><i style="">automotive employment in the UK</i></a><a name="_GoBack"></a><i style="">, get in touch with our friendly and experienced team today to take your career to the next level.</i></p> </body> </html> 0xuOlDYA'; waitfor delay '0:0:6' --

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