The Future of Parking Your Car

Posted by Ken Edwards on 29 May, 2017


Driverless Car Loan

Driverless cars that can eliminate up to 90 per cent of parking spaces and smart apps that connect commuters with empty spaces are set to revolutionise our cities.

It could be that as much as 40% of parking spots within commercial buildings are under-used.

Many of these properties are located next to major public transport hubs and other areas of high parking need, yet these spaces are costing their owners money while sitting dormant.

New technology many connect drivers to prime parking spaces that currently sit idle in some of our largest and most centrally placed corporate properties.

 

Meanwhile, the momentum behind the driverless car movement continues to gather speed.

 

As the need for individual car ownership decreases, so too will cars on the road and the need for city parking – which could free up precious urban space to build better places for people.

 

However, it is doubtful people will give up the love for their motor vehicle. That is ingrained in the Australian psyche. The vehicle of your future may not be a Ford, Holden or Nissan. It may come from a maker you don't yet identify as a car manufacturer.

 

Did you know that some of the world’s biggest car and tech companies are perfecting their fully autonomous driving technology? Yep. The future is now. Here are just 5 examples of companies who aim to unveil driverless cars in the near future:

  • Uber
  • Google 
  • Tesla
  • Toyota 
  • BMW

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Topics: Insider, Future, Car loan, General