8 Reasons You're Going to Love Autonomous Vehicles
Fast forward to the future, where technology is in the driving seat.
4 min read
By now, many of us will have experienced advanced automation in cars. Remember when your car automatically braked the other day? Or when you pushed that button that said cruise control? The good news is, we're continuing to adapt and adopt. With UBER rolling out fleets of driverless cars, word on the street is that there will be around 10 million self-driving cars being on the road by 2020. The next step beyond semi-autonomous driving will naturally be fully autonomous functionally. And while the benefits will be limited and progress will be incremental until mass-market penetration is reached (and if policymakers are able to keep up), there is loads to look forward to.
Here are just a few reasons why you can't NOT love autonomous vehicles.
1. We will have fewer accidents.
Their presence on the road will reduce accidents between driver-based cars (due to fewer driver based cars being present), and a much higher awareness of road safety and sticking to the rules of the road by drivers - leaving no room for human error. Yes please.
2. We'll be waiving pricey insurance premiums goodbye.
Typically, more than 70% of auto claim costs go towards repairing accident damage. Because AV’s will have fewer accidents, the risk of insuring AV’s will be significantly lower than with driver-based cars.
3. We'll be feeling like Kim K (owning a share in a fleet of cars as opposed to just one). #Ballin
The cost of an AV taxi service will be much lower than current driver based taxi services (70% of the cost of a taxi service currently goes to the driver). As a result auto ownership will move from individuals to fleets of AVs and AV taxi services (yes, UBER we know). Fleet insurance is normally cheaper than insuring individual vehicles as the fleet owner has more bargaining power with insurers, and is often prepared to self-insure more via the acceptance of higher excesses and pooling of risk. We'll all be able to own a share of a car, YAY!
4. We won't be personally held liable.
Accident liability will shift from individual drivers to the manufacturer of the AV (the person “responsible for the final product”) – as there is no driver to prosecute. Future manufacturers of AV’s will become the de facto indemnifier instead of traditional insurers, leading to a complete loss of premium to the traditional auto insurance industry. More on this to come in future blogs.
5. We'll be platooning to work.
So you've been making more friends in UBER Pool than on Tinder? Get used to it. AV technology embraces the sharing economy and not only will we be making new friends on the way to work, our cars will be 'platooning‘ a train of cars) to work together, so you can wave at new friends in the cars behind and in front of you. Stop-and-go traffic is so last decade.
6. We'll be seeing Nan more often.
Increased mobility for the elderly and disabled is one perk that is going to change our lives. The "age of austerity" has never looked so bright.
7. We'll finally have something to talk about at the dinner table.
[Conversations in the car].
Dad: ‘How was your day,’
*End of conversation*
You’ll finally be able to bond with your children at the dinner table now that the passenger seat one-liner conversation has gone out of fashion. They want to go clubbing? Don’t bother waking up. Program an AV to fetch them 3AM and track their route home. Coming home has never been this fun.
8. Car theft may be a thing of the past.
Unless thieves are super-techy (totally possible), they can forget about stealing your car. Your navigation system will be password protected and will have advanced GPS tracking, so as long as you keep your password secure, you don't need to worry about thieves driving off into the sunset with your car.