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Welcome to Day 1468 of our Wisdom-Trek, and thank you for joining me.This is Guthrie Chamberlain, Your Guide to WisdomFlying Cars and Aerial Ridesharing \u2013 Ask GrampsWisdom - the final frontier to true knowledge.\xa0Welcome to Wisdom-Trek! Where our mission is to create a legacy of wisdom, to seek out discernment and insights, to boldly grow where few have chosen to grow before. Hello, my friend, I am Guthrie Chamberlain, your captain on our journey to increase Wisdom and Create a Living Legacy.\xa0Thank you for joining us today as we explore wisdom on our 2nd millennium of podcasts. Today is Day 1468 of our Trek, and our focus on Fridays is the future technological and societal advances, so we call it Futuristic Fridays.\xa0My personality is one that has always been very future-oriented.\xa0Since my childhood, I have yearned for the exploration and discovery of new technologies and advancements for the future.\xa0I grew up with the original Star Trek series, and even today, as I am now on my 65th revolution around the sun, I still dream of traveling in space. Each week we will explore rapidly converging technologies and advancements, which will radically change our lives.\xa0At times, the topics may sound like something out of a science fiction novel, but each area that we explore is already well on its way of becoming a reality over the next couple of decades.
To keep with our theme of \u201cAsk Gramps,\u201d I will put our weekly topics in the form of a question to get us on track.\xa0So this week\u2019s question is, Hey Gramps, I have been dreaming about flying cars since the Jetson\u2019s cartoon was released in 1962.\xa0It was supposedly set in the year 2062. Do you think we will have flying cars by then, and how will that change car ownership?\xa0
Flying Cars And Aerial RidesharingLast week we focused on how Virtual Reality will change everyday life and work. This week we jump into transportation and explore flying cars.\xa0I am using some of the information mentioned in Peter Diamandis\u2019s blogs and book \u201cThe Future is Faster Than You Think.\u201d
In 2019, for the seventh straight year, Los Angeles earned the dubious honor of being the most gridlocked metropolis in the world, where the average driver spends\xa02.5 working weeks\xa0per year trapped in traffic.
Countless cities are close behind. For the average driver, dreams of being elevated above jammed freeways and flying\u2014uninterrupted\u2014to one\u2019s destination seem well out of reach. Yet these visions will soon become realities.
The era of the internal combustion engine car will gradually end. From here on out, the focus will be on electric vehicles, autonomous ridesharing, and flying fleets. The implications for society and the automotive industry are HUGE.\xa0
Death of Car OwnershipDuring this decade, we will reach a peak for the manufacturing of internal combustion engines. That may sound somewhat premature, but oil demand for transportation is predicted to peak as early as\xa02025, according to Bloomberg New Energy Finance, and some experts suggest it may have\xa0already\xa0peaked.
Currently, electric vehicles or EVs displace the need for\xa0350,000 barrels of oil\xa0each day. Long term, EVs are projected to disrupt demand of over\xa058,000,000 barrels of oil per day\xa0by the end of the decade, a figure steadily on the rise as EV costs plummet.
Speeding to first place in today\u2019s transit race, EVs are set to win by sheer economic advantage, fast becoming the foundation for autonomous ridesharing fleets of the future. As that happens, it will soon become un-economical and socially unacceptable for you to hold on to that old gas-guzzling car, at least in major metropolitan areas. Next, we will see electric vehicles migrating to the skies in the form of flying vehicles. By mid-2018, over $1 billion had been invested by startups, VCs, and aerospace giants in at least twenty-five different flying car companies. A dozen vehicles are being test-flown,