7 Ways autonomous cars will change the future

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There was a time when the thought of driverless vehicles seemed ludicrous. Now, autonomous cars have become a reality. Actually, not only have they become a possibility, but they have become the imminent future of cars.

According to predictions, by 2025, we will get there at least partially. The expected market for partially self-driven cars is likely to be 36 billion dollars. Fully driverless cars would also grab a market share of 6 billion dollars, at least. The fact that Waymo and Tesla have already begun exploring the technology allows such facts and statistics to seem believable.

If these predictions were to come true, we are looking at a very different future. The car market will change drastically. Self-driven cars will be the center of attention.

Here are ways autonomous cars will change the future.

1. Fewer people will own cars

Fewer people will own cars

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Services like free car valuation UK offers will not be appreciated as much as it is currently. This is because a world with autonomous vehicles will reduce the number of people who will own a car. This is because driverless cars have the power to reduce the cost of transportation. Rather than having to alter your schedule to it, you can summon a driverless car within minutes.

So, if transportation via autonomous cars becomes more cost-effective than owning and maintaining a vehicle, it is a given that people will move away from car ownership. Institute of Transportation Studies’ Director, Dr. Sperling, believes the future of driverless car will equal to less owned cars and more “subscription services” instead.

2. Unemployment may rise

Not every change will be positive. Some may affect the masses negatively as well.

Currently, e-ride hailing services like Uber have been a source of employment for masses. However, when driverless cars become the norm, unemployment due to technological disruption may increase. This is most likely to affect the taxi and e-hailing industry the most as people will themselves losing jobs and being replaced by robots. Remember, once self-autonomous cars become the standard, they are not just going to stay within the realms of cars. Instead, trucks may even be included in it. This can affect the jobs of people in the overall transport industry. Therefore, slowly, a significant industry would be wiped out of employment opportunities.

3. Automobiles won’t have the same designs as they do now

Automobiles

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The future will literally look very different. Various aspects of vehicle design are present because of the presence of drivers. Since self-driven cars will be devoid of this, the model will be very different. In the future, automobiles wouldn’t have to accommodate the design to withstand crashes as it does today. Elements like tires and brakes too will differ. This is because the type of component you need for controlled performance compared to the sporadic performance of a human driver vary significantly. It is also believed that the cars will be electric. This, in turn, will reduce the number of components included. This, in turn, means that vehicles would be produced much faster and with much less labor input.

4. Cars will become your digital assistants

If you think technology has peaked right now, you are in for a treat in the future. Alexa and Siri’s connectedness may seem impressive to a lot of you. In the future, you are looking at a smart car just like a smart house of today. This is because autonomous vehicles of the future will also be connected to technology. So, just like you can tell Alexa what you want it to do in your house, you can do the same in your car. For those of you who are skeptical of this technology, know that BMW already offers these features in its vehicles.

5. Car insurance companies will face losses

Are you aware that more than 1.3 billion individuals lose their lives because of car accidents per annum? That is a staggering amount. Most of these casualties occur due to driver negligence, whether it be DUI or rash driving. This is one of the reasons people spend so much on car insurance. The probability of getting into an accident is quite high currently.

However, in the world of autonomous cars, this will change. Once the technology has been perfected, the number of car accidents are bound to decrease. This, in turn, means that fewer individuals will see the point of opting for car insurance. So, the current multi-billion-dollar industry will face immense losses in the future. All thanks to autonomous cars.

6. Underage drinking might become legal

Why is it that in the US, you can drive at the age of 16 but not drink until you are 21? One of the reasons different countries have an age after which drinking is allowed is to avoid instanced of DUI. However, in the future, people won’t have to worry about driving themselves home. Instead, their car will be able to drive them. This may mean that the legal age to drink might get reduced.

This doesn’t mean you will start seeing twelve-year-olds with beer bottles in their hands. That is just irresponsible. However, it is plausible that the age will be reduced to 18 or 19.

7. Traffic police will no longer be needed

Traffic police will no longer be needed

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Why would you need traffic police at a time when robots are driving all the cars? Who exactly will the police penalize? And would they even need to punish them? After all, there is much less probability that any laws will be broken. This makes the role of traffic police very redundant. Instead, the resources assigned to the task force can be used for other government projects.

Conclusion

These are seven ways that self-autonomous cars can change the future. The journey has been long for the technology. However, in the past few years, it has succeeded in developing significantly. If the current pace were to be maintained, we would witness a future with solely autonomous cars sooner than you think.