US auto sales may drop about 40 per cent in the next 25 years because of shared driverless cars, forcing mass-market producers such as General Motors and Ford to slash output.
Vehicle ownership rates may fall by almost half as families move to having just one car, according to a report by Barclays analyst Brian Johnson. Driverless cars will travel twice as many kilometres as current autos because they will transport each family member during the day, he wrote.
