44
" An automobile ties up capital with the purchase and entails significant additional annual costs in terms of fuel, parking, insurance, and repairs. Young people with college debts or “gig” jobs may not want the added burden of ownership. Compare the economics. Let’s say the average number of miles driven in a year in the United States is twelve thousand. Owning a car for that year would cost around $7,000, including the proportionate cost of car ownership, fuel, and other operating expenses. Given the average ride-hailing trip, $7,000 would equate to around six hundred separate trips per year, or twelve per week—almost two per day. Of course, on the other side of the ledger, there’s no residual value from Uber or Lyft rides, as there is when selling a used car. And no pride of ownership. "
― Daniel Yergin , The New Map: Energy, Climate, and the Clash of Nations
47
" The Groningen gas field in northern Holland, discovered in 1959, was the biggest domestic source of gas within Europe, and the foundation on which the original European gas system had been built. It still ranks among the top ten gas fields in the world. But its days are numbered. Owing to its particular geology, production over many years has led to subsidence, sinking of the topsoil, which has triggered tremors and earthquakes, causing cracks and damage in houses. "
― Daniel Yergin , The New Map: Energy, Climate, and the Clash of Nations
59
" And here is where we could see the emergence of new types of companies—“Auto-Tech.” These would either be vertically integrated or strategically allied companies, from vehicle manufacture, to fleet management, to ride hailing through their own platforms. They would be the master coordinators of multiple capabilities—manufacturing, data and supply chain management, machine learning, software and systems integration, and the delivery of high-quality “mobility as a service” to customers around the world. At this point, there is still no tipping point where the benefits of new technology and business models prove so overwhelming that they obliterate the oil-fueled personal car model that has reigned for so long. "
― Daniel Yergin , The New Map: Energy, Climate, and the Clash of Nations