Crisis of Car Manufacturing

The reality of on-demand self-driving cars poses a looming existential risk to the auto industry. With billions of vehicles on the planet and over 94 million new cars rolling off the production lines each year, cars consume vast resources to sell, which we then park idle for 95% of the time. 

But, if on-demand driverless vehicles come to fruition and it becomes cheaper than your Uber ride, the appeal of owning a car will diminish, creating a massive oversupply of unwanted human-driven vehicles.