Car Ownership On The Way Out
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<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
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