The big picture: Retirement communities are expecting an influx of new residents, many of whom are likely to be non-drivers and require transportation to maintain their independence. The demand for AVs, if they're accessible, could explode.
Demographics may decide the U.S-China rivalry
While embroiled in the most vivid display of great power rivalry since the Cold War, the U.S. and China are both also battling a largely invisible force — relentlessly unfavorable demographics that are sapping their long-term economic vitality.
Driving the news: As we have reported, the global population as a whole is aging and shrinking, but the trend is striking China especially hard just as it challenges the U.S. for long-term global primacy, according to experts and a number of recent reports.