BY MEGAN RAY NICHOLS

Even though they’re not on the roads yet, driverless cars are disrupting the automotive industry in unforgettable ways. Keep reading to learn about expected factors related to the evolution of these futuristic vehicles.

1. Market Trends

Automotive analysts say emerging technology is gaining momentum in the automotive market. Top car brands are making their vehicles compatible with popular gadgets and tech-related services, and some people think the Internet of Things (IoT) will also play a role in upcoming models.

Business leader Elon Musk has even announced he plans to earn income by lending extremely safe self-driving cars to interested persons.

2. Potential Reductions in Car Ownership

Musk’s idea doesn’t seem so far-fetched when you consider most of us are accustomed to carpooling at least occasionally. If you’re from a city where the service is available, you may have even used car-sharing companies that allow you to drive a vehicle on an as-needed basis, then drop it off in a pre-determined spot when you’re done.

Once driverless cars become more mainstream, we may increasingly use borrowed vehicles rather than owning cars. That’s especially true because self-driving cars will be too expensive for some people to own.

Continue reading You Need to Know About Driverless Technology Changing the Automotive Industry