The Future of Auto Lending

The auto industry is changing. It is predicted that by 2035, autonomous vehicles (AVs) will make private car ownership a thing of the past.

There will be positive effects from the adoption of AVs, including increased safety, convenience, and more people with access to affordable transportation. But there may also be negative implications.

UBS predicts private car ownership will drop by 70%, decimating the auto industry as we know it and making the future of auto lending uncertain.

We may be a long way off before we can hop in an AV, tell it where to go, and take a nap. But as a car owner that has a beta version of full self-driving, I see firsthand what the future of AVs looks like and it may be closer than we think.

Waymo has a robotaxi service in cities right now. And most new cars sold today have driver assistance features. 

While the time horizon of AVs is up for debate, the question of if it will happen is not. 

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