Congratulations, General Motors (GM)

GM recently announced a massive workforce reduction and cancelation of a number of their car models. But, the real news is their recently announced focus on electric and autonomous vehicles (AVs). Transitioning to electric motors will likely result in a significant reduction in CO2 emissions. This is especially probable if solar energy is used to generate the electricity needed to power autos. The advent of AVs will have a major impact on transportation. The need for every home to own one or two cars may decline significantly. An AV can be summoned when needed and arrive at your home to transport you to your destination; similar to Uber's system, but minus the driver. AVs can be used for short and long trips, reducing the need for public transportation. Costs would be offset by no longer needing to purchase and maintain a car. Car accidents could be reduced as AVs would abide by all safety laws. Traffic flow will improve as AVs will be aware of other vehicles and pedestrians and take needed measures to avoid accidents. The need for parking lots and garages may also decline as AVs will be available 24/7.