Episode 336 | Peak Car by 2035: The $1.2 Trillion Autonomous Vehicle Industry Takes Shape

Martyn Briggs, Director, Thematic Investing Strategy, Bank of America joined Grayson Brulte on The Road to Autonomy podcast to discuss why 2035 might be the year the car peaks and what that means for the market. 

Breakthroughs in AI, falling sensor costs, and favorable regulation have shifted autonomy from a “moonshot” to a fast-emerging industry and soon, a global economy that we call the autonomy economy. During the conversation Grayson and Martyn explore Bank of America’s forecast of a $1.2 trillion total addressable market for autonomous vehicles by 2040, spanning not only passenger cars but also logistics, ports, mining, and agriculture.

They discuss how generative AI, simulation, and neural networks are accelerating deployment and why autonomy is becoming a critical solution to labor shortages worldwide. The conversation also highlights regional adoption trends, the geopolitics shaping the autonomous vehicle race, and the more than $200 billion already invested since 2010, signaling a clear shift into commercialization and long-term opportunities for both technology developers and investors.

Episode Chapters

0:00 The Road to Autonomy Introduction

0:23 Bank of America: The Future of Autonomous Vehicles Report

10:26 UK Public Opinion on Autonomous Vehicles 

16:24 Autonomous Vehicle Market Constraints 

18:03 Autonomous Vehicles and Tourism

20:20 Foxconn

22:42 Personally-Owned Autonomous Vehicles and the Growth of Licensing 

28:05 The Growing Autonomy Markets

34:39 Autonomous Trucking

38:57 Robotaxi Costs

41:33 Peak Car and Increasing Autonomous Vehicle Investments 

46:57 Institutional Investors 

51:38 AI Data

54:56 Chinese Autonomous Vehicle Market

58:59 Autonomous Vehicles ChatGPT Moment

Recorded on Thursday, September 25, 2025

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