Self-Driving Cars Will Eliminate Things You Love and Hate
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Electric cars, robo taxis and self-driving trucks are coming to change the society we live in—possibly sooner than you think.
Limited tests of driverless cars are already happening today and they’ll be in use everywhere within six years, according to Carlos Ghosn, CEO of the Renault Nissan Alliance. A change on that scale would reach far beyond the automotive industry to upend businesses, transform our daily lifestyles and reshape cities.
Insurance Premiums
Today more than 90 percent of road accidents are caused by human error, so once you take people out of the equation safety will probably improve, said David Williams, technical director at insurer AXA SA.
Initially, there could be two types of insurance—one for manual cars and one for autonomous—with premiums for the latter eventually falling as much as 50 percent, Williams said.
The Winners
For Netflix Inc. or Nintendo Co. Ltd., time currently spent driving could be opened up for movies or games. Electric utilities in developed countries would see soaring demand after years of stagnating growth. For law enforcement, 3D sensors and high definition cameras would potentially make each vehicle a roving spy able to determine fault in an accident, witness street crime or spot suspicious patterns of behavior.
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