elf-driving, or
autonomous cars
are developed and tested recently with many companies such as Google, Ford, Volkswagen, and Samsung. Goolge has been testing a fleet of self-driving cars in the US and predicts that they are only 3 years away to succeed. Self-driving car could contribute to the global economy through cost savings from reduced fuel and insurance.
Productivity Gains
According to the research from Morgan Stanley, the self-driving cars would contribute to the US economy with $1.3trillion and $507 billion in productivity gains. (Walker, 2014)This is because people could do their work in the car while travelling. According to a 2013 Arbitron study, it was calculated that "5.5 billion hours lost on roads every year. (Greenhouse, 2016)
Urban Sprawl
Smaller space is needed for the parking garages since
there is no needed for drivers in the cars
results in smaller ceiling heights. This would save the construction cost for parking garages and contributes to urban sprawl. Moreover, it also reduces the risks of accidents which saves many costs for health care and other insurance and repair costs for the people. "It's absolutely transformational, a paradigm shift — the fact that a vehicle can drive itself," said Paul Godsmark. This quote shows that the self-driving cars will be an
absolute change in the
future and new innovation
that will drastically change
the world. But it also would
decrease the number of
employment in Uber and Lyft, affecting most of their labours. Therefore, self-driving cars could benefit the world through providing an efficient productivity gain, reducing car accidents, and contributes to urban sprawl, but also affects some of the companies by replacing driverless cars with labours.
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14
This kind of technology, that is going to the
No. 1 driver of auto sales.
Self-driving cars
Future Event 2
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