Self-Driving

The Impact of Self-driving Cars on Society

Posted on March 3, 2016 · Posted in Finance

In 2013, more than 10,000 people in the US died due to drunk driving, including 200 children. The subject of impaired driving for various reasons has been a matter of concern for decades. Back in the day, drivers posed a danger to the danger due to the influence drugs and alcohol. More recently, texting and otherwise using a digital device has contributed to the problem of car-related deaths and injuries. There is clearly a need to address this problem, and self-driving cars may just be the solutions. Here are potential effects of self-driving cars.

Safety

Self-driving cars is one possible solution to reducing the problem of impaired driving. You no longer need a designated driver when self-driving cars become more common, so everyone can have as much fun as they want. Texting and enjoying the contents of your monthly Birchbox package is no longer a problem, either . It is also a great way to improve the mobility of the aged and the handicapped. Some studies suggest that self-driving cars can effectively eliminate all vehicular accidents due to human error or impairment.

Financial

Studies predict that by 2027, self-driving cars will be a major disruptive force for the automotive industry. Car sharing services is already having an impact on global new-vehicle sales. Experts predict that by 2021, it will cost car manufacturers nearly $8 billion in lost sales as fewer people buy new cars. However, the impact of self-driving cars will be greater. What remains to be seen is what major automakers intend to do between now and 2027 to address this looming problem of self-driving cars.

Legislative

Self-driving cars also challenge the ability of lawmakers to come up with acceptable standards for ensuring its reliability and use on the road. After all, a computer will have complete control over the vehicle, placing the live of humans in the hands of an automaton. The technology has to be foolproof, and there should be failsafe systems in place, which is easier said than done.

Enough movies and books have been around about machines taking over the world to make it more if a cliché than a dire warning. Self-driving cars are perhaps a little too close to I, Robot for comfort for some people, but the real concern is ensuring they remain in complete control when it counts.