SAE Update - June 2019 - 35
ENGINEERING
EVENTS
WCX 2019: The AV "Money Race" is on
Automated-and-connected vehicles may be
on a longer adoption path than the hype
around them suggests, but AVs and their
related technologies will eventually become
a multi-trillion-dollar market, asserted
Charles Payne, keynote speaker at WCX
SAE World Congress Experience 2019.
"The Wall St. 'money race' is on,"
asserted the bullish Payne, a former E.F.
Hutton analyst and host of the "Making
Money with Charles Payne" TV show. He said
the burgeoning mobility sector "is an
extraordinary industry that has Wall St.'s
attention now," citing valuation projections
up to $7 trillion in the next three decades.
"The challenge," he noted, "is to get Main
St.'s attention," given the public's early fears of
self-driving vehicles, and the social disruption
expected to come from automation and
robotics. He noted a recent report from Bain
Capital that forecasts 40 million displaced
workers due to automation by 2030.
Payne was interviewed on stage by 2019
SAE President Paul Mascarenas following his
keynote address. While he considers himself
to be "a born Luddite" regarding new
technologies, he confidently stated that
"history tells us that there is always a net
benefit in terms of jobs" when a new
technology disrupts the status quo.
Payne provided an interesting history of
technology innovation and adoption, likening
the current crop of tech start-ups related to
UPDATE
2019 SAE President Paul Mascarenas (left)
interviews Wall St. analyst and TV host Charles
Payne on April 9 at WCX SAE World Congress
Experience 2019 at Detroit's Cobo Center.
electrified and self-driving vehicles to the first
decade of the 20th century, when new
automakers and suppliers emerged by the
hundreds, and steam, electric, and gasoline
cars vied for preeminence. The
counterbalance for AVs is the reduction in
traffic fatalities they are expected to bring-
over 580,000 lives saved during the first
decade of adoption, Payne said.
Payne described the related Mobility as a
Service (MaaS) sector as "like the Wild West"
today, with big profit potential as the sector
shakes out. He predicts a $150 billion valuation
for Uber in the first week after the company
goes public, expected later this year.
In terms of global progress in AV
acceptance and adoption, the U.S. "is
being a bit flat-footed," and he advocates
a "bigger thrust on the federal level" for
this sector.
By Lindsay Brooke, Editor-In-Chief,
Automotive Engineering magazine.
June 2019
35
SAE Update - June 2019
Table of Contents for the Digital Edition of SAE Update - June 2019
SAE Update - June 2019
Contents
SAE on solid financial and technology footing, CEO says at Annual Business Meeting
SAE on the edge with new technical reports
Committee selects nominees for SAE Board of Directors positions
PROPEL: All about volunteerism
'The best of the best'
Dossier: Dr. Timothy V. Johnson
Farewells
What’s happening in the Member Connection
Tips to preventing dryer fire
Save on your summer vacation with SAE Membership
2018-2019 SAE Section year highlight: SAE Milwaukee Section hosts Student Night
SAE Detroit Section has busy schedule
Funding for student projects awarded by SAE Washington, DC, Section
2019 SAE Medal of Honor winner hailed
Nomination deadline approaching for SAE leadership awards
Wireless power transfer advances through standardization
WCX 2019: The AV “Money Race” is on
SAE book wins silver in contest
Baja SAE: more than just winning
Classified advertising
SAE Update - June 2019 - SAE Update - June 2019
SAE Update - June 2019 - Contents
SAE Update - June 2019 - SAE on solid financial and technology footing, CEO says at Annual Business Meeting
SAE Update - June 2019 - 3
SAE Update - June 2019 - SAE on the edge with new technical reports
SAE Update - June 2019 - Committee selects nominees for SAE Board of Directors positions
SAE Update - June 2019 - PROPEL: All about volunteerism
SAE Update - June 2019 - 7
SAE Update - June 2019 - 'The best of the best'
SAE Update - June 2019 - 9
SAE Update - June 2019 - 10
SAE Update - June 2019 - 11
SAE Update - June 2019 - 12
SAE Update - June 2019 - 13
SAE Update - June 2019 - Dossier: Dr. Timothy V. Johnson
SAE Update - June 2019 - 15
SAE Update - June 2019 - 16
SAE Update - June 2019 - 17
SAE Update - June 2019 - Farewells
SAE Update - June 2019 - 19
SAE Update - June 2019 - What’s happening in the Member Connection
SAE Update - June 2019 - 21
SAE Update - June 2019 - Tips to preventing dryer fire
SAE Update - June 2019 - Save on your summer vacation with SAE Membership
SAE Update - June 2019 - 2018-2019 SAE Section year highlight: SAE Milwaukee Section hosts Student Night
SAE Update - June 2019 - 25
SAE Update - June 2019 - 26
SAE Update - June 2019 - SAE Detroit Section has busy schedule
SAE Update - June 2019 - Funding for student projects awarded by SAE Washington, DC, Section
SAE Update - June 2019 - 2019 SAE Medal of Honor winner hailed
SAE Update - June 2019 - 30
SAE Update - June 2019 - Nomination deadline approaching for SAE leadership awards
SAE Update - June 2019 - 32
SAE Update - June 2019 - Wireless power transfer advances through standardization
SAE Update - June 2019 - 34
SAE Update - June 2019 - WCX 2019: The AV “Money Race” is on
SAE Update - June 2019 - SAE book wins silver in contest
SAE Update - June 2019 - 37
SAE Update - June 2019 - Baja SAE: more than just winning
SAE Update - June 2019 - 39
SAE Update - June 2019 - Classified advertising
SAE Update - June 2019 - 41
SAE Update - June 2019 - 42
SAE Update - June 2019 - 43
SAE Update - June 2019 - 44
SAE Update - June 2019 - 45
SAE Update - June 2019 - 46
SAE Update - June 2019 - 47
SAE Update - June 2019 - 48
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