Profit from the new age of the car

The future of motoring is electric, driverless and ‘telematic’. Smart investors will buy in to the new technology early, says Matthew Partridge. Here, he explains how.

A popular story claims that Bill Gates once said that if the car industry were as innovative as Microsoft, by now it would have developed a car that got 1,000 miles to the gallon and cost only $50. The anecdote is sadly false, but it contains a large element of truth.

Modern cars are safer and far more comfortable than Henry Ford's Model T. But the basic idea of the car has changed little since the development of the internal combustion engine in the 19th century.

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Dr Matthew Partridge
Shares editor, MoneyWeek

Matthew graduated from the University of Durham in 2004; he then gained an MSc, followed by a PhD at the London School of Economics.

He has previously written for a wide range of publications, including the Guardian and the Economist, and also helped to run a newsletter on terrorism. He has spent time at Lehman Brothers, Citigroup and the consultancy Lombard Street Research.

Matthew is the author of Superinvestors: Lessons from the greatest investors in history, published by Harriman House, which has been translated into several languages. His second book, Investing Explained: The Accessible Guide to Building an Investment Portfolio, is published by Kogan Page.

As senior writer, he writes the shares and politics & economics pages, as well as weekly Blowing It and Great Frauds in History columns He also writes a fortnightly reviews page and trading tips, as well as regular cover stories and multi-page investment focus features.

Follow Matthew on Twitter: @DrMatthewPartri