Big car makers face demise as self driving Ubers soon in a street near you

Traditional car makers could find themselves out of business within the decade as autonomous electric cars become affordable to regular motorists. 

Brett Winton, director of research at the US investors Ark Invest, predicts autonomous taxis could be available in big cities by 2021. 

Mr Winton also believes traditional car insurers will be disrupted as the likes of Tesla and Google bypass the retail market. 

Brett Winton speaks with the ABC's Peter Ryan.