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Electric cars can be the biggest disruption since the iPhone

Mix of sharing, electric, driverless cars could disrupt things from parking to insurance, oil demand and retail

Published Sun, Sep 24, 2017 · 09:50 PM
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London

IT has been 10 years since Apple Inc unleashed a surge of innovation that upended the mobile phone industry. Electric cars, with a little help from ride-hailing and self-driving technology, could be about to pull the same trick on Big Oil.

The rise of Tesla Inc and its rivals could be turbo charged by complementary services from Uber Technologies Inc and Alphabet Inc's Waymo unit, just as the iPhone rode the app economy and fast mobile Internet to decimate mobile phone giants such as Nokia Oyj.

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