Get ready for car-as-a-service (CaaS)

Self-driving cars are expected to take over the roadways in the next two decades, but the vast majority of the fleet will likely be dedicated to services and not owned by individuals, according to a new report by IHS Automotive.

Within five years, Google and carmakers are expected to have driverless vehicles on the world's roadways. By 2035, 12 million self-driving and driverless cars will be sold globally, IHS Automotive estimates.

However, given that 85% of the world's population doesn't have a driver's license and teenagers in developed countries are waiting longer to get a license -- and driving less when they do -- the majority of autonomous vehicles will likely be used by a services industry.

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