Autonomous cars are inevitable.
Google, Apple, Tesla, and the fast-growing Faraday Future are all targeting this market.
What you may not have realized, however, is that their technology will rely heavily on the Internet of Things to keep moving forward.
Take, for instance, Google’s autonomous design: Its car will rely on 3D models of the world, likely collected by Google Maps technology, to get from point A to point B.
Likewise, Tesla’s Model S vehicles are already connected and learning from each other. As these cars are driven, the autonomous software “learns” how to handle itself, uploads that information into a cloud, and sends it out to all other Model S cars.
In other words, an entire fleet of connected Tesla vehicles can improve itself by sharing data.
And one of Musk’s competitors, Faraday Future, may even be taking this idea a step further.
Think of these cars like the next smartphone… which implies some pretty widespread connectivity.
But rather than offering a car that can be connected, as it seems Tesla has done, Faraday plans to offer a car that is always connected.
And that’s going to be a big deal for the energy sector…
Efficiency at its Finest
Oddly, I don’t believe that home smart meters will drive the market for the Internet of Things, and who’s to say an autonomous car couldn’t work in a similar way?
In fact, Faraday’s ambition is to have a car that will learn its driver’s preferences.
Think about that…
Your car will one day know what kind of music you like to listen to or even how warm you like to be while driving.
More importantly, it will be able to make the most of its energy usage.
Keep in mind that the top autonomous vehicles are also all-electric vehicles. That means one day we’ll worry about the cost of electricity, not gasoline, when we head out on a road trip.
And even though I filled up my gas tank this past weekend for under twenty bucks, the push for more EVs isn’t likely to abate anytime soon.
So what kind of savings are we talking about?
Morgan Stanley estimates that driverless cars could be as much as 30% more efficient than comparable traditional cars.
That alone could amount to a national savings of $158 billion per year just in gasoline purchases.
And that’s not the only place we can expect to cut costs:
Even with the bears in the driver’s seat in today’s oil market, we can expect to save roughly $700 million per year with autonomous cars. In fact, most of this will come simply by having more connectivity in our cars.
The next question on every investor’s mind is, of course, how do we get some of that extra money for ourselves?
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Looking at the Smaller Picture
The only rub here is how early you end up staking your claim in the growing IoT and driverless car markets. And the truth is, you don’t have to buy a single share of the players I mentioned earlier.
You see, Google, Apple, and Tesla are already huge and won’t be the biggest benefactors of the technology anyway. Of course, it also means that you don’t have to try to navigate your way through the major car manufacturers either.
That, dear reader, is the trick… and one that a colleague of mine, Christian DeHaemer, has been capitalizing on for months. But I don’t want you to take my word for it. I suggest you get the information from the source, which you can find — at absolutely no charge to you — in his latest investment report.
He’s spelled out all the details for you, including a $10 driverless technology stock trading at an incredible value right now.
Until next time,
Keith Kohl
Check us out on YouTube!A true insider in the technology and energy markets, Keith’s research has helped everyday investors capitalize from the rapid adoption of new technology trends and energy transitions. Keith connects with hundreds of thousands of readers as the Managing Editor of Energy & Capital, as well as the investment director of Angel Publishing’s Energy Investor and Technology and Opportunity.
For nearly two decades, Keith has been providing in-depth coverage of the hottest investment trends before they go mainstream — from the shale oil and gas boom in the United States to the red-hot EV revolution currently underway. Keith and his readers have banked hundreds of winning trades on the 5G rollout and on key advancements in robotics and AI technology.
Keith’s keen trading acumen and investment research also extend all the way into the complex biotech sector, where he and his readers take advantage of the newest and most groundbreaking medical therapies being developed by nearly 1,000 biotech companies. His network includes hundreds of experts, from M.D.s and Ph.D.s to lab scientists grinding out the latest medical technology and treatments. You can join his vast investment community and target the most profitable biotech stocks in Keith’s Topline Trader advisory newsletter.
