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Apple’s Electric Car

Written by Gary North on February 20, 2015

The rumor is that Apple will start producing electric cars by 2020. Tesla Motors would then face some serious competition.

If these sell, the next step will be self-driven cars. That may hit by 2025.

Then taxicabs will no longer need drivers.

We can see what’s coming: a shift away from gasoline for local driving. A family’s second car will be electric. There will be less smog.

Not planning to use your second car today? Let Uber rent it. Bring in some money.

Let’s see: cleaner air, less noise, reduced demand for oil, taxis without drivers — no tips. What’s not to like?

The free market works.

Continue Reading on www.bloomberg.com

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