“The fact is that a driverless car would slash hundreds of billions of dollars of annual revenue, or even trillions, from all sorts of entities: car makers, parts suppliers, car dealers, auto insurers, auto financiers, body shops, emergency rooms, health insurers, medical practices, personal-injury lawyers, government taxing authorities, road-construction companies, parking-lot operators, oil companies, owners of urban real estate, and on and on and on. At the same time, the driverless car will create enormously lucrative business opportunities to serve new customer needs. I’ll turn first to the revenue that is in peril and then examine the opportunities.”
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