I concur with Bob Poole's commentary published as follows:
| Surface Transportation Innovations | 
           
            |   | 
           
            By Robert W. Poole, Jr. Searle Freedom Trust Transportation Fellow and Director of Transportation Policy October 2018 | 
There is no question that personal transportation will undergo 
significant changes in coming decades. Three such changes will be the 
advent of affordable electric vehicles, fully autonomous vehicles, and 
mobility as a service (MaaS) in which people opt to rely on shared 
vehicles rather than individually owned vehicles. These are separate 
changes, which may well arrive on different time scales and with 
different degrees of market penetration.
Several times in recent months, various people have sent me a report 
that links all three together via a dramatic scenario. The report comes 
from RethinkX and is called “Rethinking Transportation 2020-2030,” 
released in May 2017. Its headline claims include the following:
- Fully autonomous vehicles (presumably SAE Level 5) will achieve regulatory approval and be on the market in 2020.
 
- By 2030, those AVs will provide 95% of all [surface] passenger miles of travel.
 
- Those 95% will all be in shared vehicles (Mobility as a Service), rather than in personally owned AVs.
 
- These AVs will all be electric, and will last 500,000 to 700,000 miles on their initial battery pack.
 
These assumptions are shared by virtually no one actually working on 
AVs, whether at technology companies or traditional auto companies. The 
past year has seen a growing number of articles explaining that full 
autonomy (on all kinds of roads, in all kinds of weather, etc.) is 
turning out to be a much harder problem than many researchers expected. 
Most expect gradual introduction of AV features in the next decade, with
 full Level 5 not being likely until at least 2035 or beyond.
As I wrote in a recent column for 
Public Works Financing, 
there is no necessary connection between electric propulsion and 
autonomy: neither one depends on the other. The current generation of 
EVs costs nearly twice as much as comparable non-EV vehicles, seriously 
limiting mass-market appeal.
Likewise, as of now, autonomy itself 
requires a large array of costly sensors and very complex artificial 
intelligence software, Hence, RethinkX’s idea that 
electric AVs
 will be cheaper than conventional cars by 2020 looks to me like a pipe 
dream. In addition, the idea that the original battery pack will last 
500,000 to 700,000 miles (a key to Rethink’s lower ownership cost 
estimate) is unproven. (The Toyota Prius battery pack has a 10-year or 
150,000-mile warranty, while the Tesla Model 3 warranty is for 8 years 
of 100,000 miles.)
A far more realistic assessment of future mobility was released in 
May 2018 by S&P Global Ratings, “The Road Ahead for Autonomous 
Vehicles.” S&P’s analysts conclude that “mass adoption of driverless
 autonomous vehicles (AVs) [is] still decades away.” By contrast, they 
expect a faster penetration rate of electric vehicles (EVs), especially 
if there continue to be government “incentives” (subsidies) for those 
purchasing them. (S&P’s EV projections are somewhat exaggerated by 
including plug-in hybrids.)
S&P developed three scenarios (low/medium/high) for AV 
penetration, depending on a array of assumptions about technology, the 
price premium over conventional cars, extent of government “incentives,”
 growth in ride-sharing/ride-hailing (Mobility as a Service), etc. For 
the 2020 to 2030 period, the fraction of AVs in the total light-vehicle 
fleet by 2030 is projected at <1 2="" and="" av="" be="" fleet="" fraction="" high.="" in="" low="" medium="" of="" p="" phase="" scenario="" the="" vehicle="" would="">
I find the assumptions underlying the three scenarios to be 
reasonable, and a number of implications for highways and travel emerge.
 First, even in the high (“disruptive”) scenario, only 35% of the light 
vehicle fleet will be AVs by 2040. So that means our roadways and 
highways are going to have to deal with a 
mixed fleet for many 
decades. That is far different from popular media visions of a near-term
 all-AV future. Second, S&P suggests that the early impacts of Level
 5 AVs will be felt most by transit agencies and parking enterprises. 
Between 2020 and 2030, S&P expects an 
increase in urban 
traffic congestion, due partly to the continued growth of ride-hailing. 
(Incidentally, a new paper by Alejandro Henao and Wesley E. Marshall, 
“The Impact of Ride-Hailing on Vehicle Miles Traveled,” projects that 
“ride-hailing leads to approximately 
83.5% more VMT” than would have existed had ride-hailing not emerged.) As 
connected
 AV market penetration increases beyond 2030, S&P expects “lane 
capacity could increase by 5% to 7% by 2030-2035 [due to] an increase in
 platooning.” That would partially offset the impact on highways from 
increased VMT due to ride-hailing and increased personal travel by those
 who cannot drive today (very old, very young, and disabled).
These are still early days for EVs, AVs, and MaaS. The sober analysis
 from S&P is a far better guide to thinking about the implications 
of these developments than the blue-sky vision of RethinkX1>