Self-driving cars could create a massive new $7 trillion economy

The race to create self-driving cars is on—but what happens when they’re everywhere and nobody has to drive?   

That could lead to a “passenger economy” worth $7 trillion by 2050, according to a new report by Intel and analyst firm Strategy Analytics.

While the name of the potential new market is lame, the amount of cash it's estimated to drive is not: the study predicts self-driving cars will free up 250 million hours of commuting time per year, providing the backbone for a thriving $800 billion industry by 2035, when the study predicts fully autonomous vehicles will begin to proliferate globally.  Read more...