The Impact of Driverless Cars Could be Significant

The impact of driverless cars on high-tech and low-tech jobs, vehicle usage, toll roads, life changing independence and even reducing car accidents could be significant. Their ultimate arrival appears likely, as they are part of an ongoing trend of increasing automobile automation.

The leap from automation being an additional feature monitored by a licensed driver to completely replacing the driver will be huge. In our view, it is more likely a case of ‘when’, and not ‘if‘ you will see this technology in cars. However there are a number of key issues regarding safety, regulation and insurance that won’t be resolved overnight.

While certainly nowhere near as momentous as the invention and widespread adoption of the auto itself, the advent of self-driving cars would likely impact society on many levels. But it’s going to be several years before the road ahead has a clear view.

(Fitch Ratings / balkans.com)