So, you think you have an AI strategy? Think again.
Figure 9: Expected Demand for EV Battery Ingredients
AAA 32 , the time wasted from driving or
waiting in car lines is approximately 300
hours per person per year. In the USA alone,
this adds up to 4B hours per year of wasted
time going from point A to point B. Similarly,
as described in Figure 10, the British Parking
Association and Visa estimate the average
British driver spends 91 hours looking for
parking and 18 hours in lines for a total of
109 hours per year per person. By reducing
or eliminating this waste of time, AVs stands
to increase the productivity of citizens across
geographies where traffic and congestion
are issues.
Another challenge is how to properly recycle
or dispose of EV batteries. “However, in the
EU as few as 5% of lithium-ion batteries are
recycled. This has an environmental cost.
Not only do the batteries carry a risk of giving
off toxic gases if damaged, but core
ingredients such as lithium and cobalt are
finite and extraction can lead to water
pollution and depletion among other
environmental consequences.” 31
Step 6 - What is the impact of AV to quality of
life and economics?
AV stands to drastically improve
productivity. For example, according to
31 https://www.theguardian.com/sustainable-business/2017/aug/10/electric-cars-big-battery-waste-problem-lithium-recycling
32 https://newsroom.aaa.com/2016/09/americans-spend-average-17600-minutes-driving-year/
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June 2019