In other words, Walmart is targeting yet another fixture on Main Street, the insurance agency. The discount giant is also desperately trying to add new sources of revenue after its profits fell by nearly 25% in the last quarter of 2013.
One thing is clear though: Americans who want to lower their car insurance premiums would be more likely to accomplish that goal by going online and shopping for insurance, rather than waiting for the federal government to control costs. The likelihood of the federal government actually being able to lower insurance costs is nil.
It looks like fuel cell cars are going to be part of our future sooner than we think. It also looks like the auto industry of the future will be much like that of the early 1900s, when vehicles with several different kinds of power sources were on the roads.
There are some interesting problems with self-driving cars, some of which Mulligan points out. He believes that the superior safety and performance of self-driving cars could lead states to raise the speed limit, which could lead to more accidents.
Lots of people who need extra cash see these apps as a good way to make money by using something they already have, their car. Unfortunately, there are some serious potential problems with ride-sharing apps that their fans are ignoring.