Change Coming Faster and Sooner

pablo (1)

I found this article a few days ago entitled This is How Big Oil Will Die which somehow I had not seen before. I read a lot about autonomous vehicles and have written several times about them elsewhere. My daughter and son-in-law have a Tesla.

There are big changes coming with electric vehicles and with autonomous vehicles. The disruptions to many incumbents are going to be huge and this will likely be starting sooner than expected. I know a friend who just sold his auto-related business over just these concerns.

The article above approaches it from an economics point of view and after sharing it with an advisor, he shared another think tank report that says the same thing only much deeper and with data to back up the points.

Really, the only question is how fast will this get here and will governments, in the interests of the incumbents, slow it down. Personally, I think governments should help accelerate this as much as possible. States and countries would be wise to make it happen sooner.