I have blogged about the new driver-less automated cars before, and how they will dramatically reduce car crashes and fatalities. This future is not far off. The first true self-driving vehicles are expected before the end of the decade. A fleet surpassing 50% of all vehicles on the road could be here within 20 years.
We will be much better off with them for sure! But what I never really considered – until I read a recent article – was the profound effect driver-less cars will have on our economy. That’s what I’ll consider in this blog post.
To recap about driver-less cars, human driven cars will soon be going the way of the horse and buggy. An automated self-driving fleet of vehicles will almost certainly replace the current human-driven one within the next 25 years. The new fleet will have many advantages over the present one, but one of the most notable is that they will hardly ever crash. A study by the Center for Automotive Research (CAR) predicts that a self-driving fleet could eliminate 93 percent of crashes attributed to human error. This means, among other things, that we will be able to drink ourselves senseless without worrying about criminal penalties of “driving” drunk.