Trillions at Stake in Commercial Development of Driverless Cars

Commercial Development of Driverless Cars

An international race is on to develop driverless cars that will free our cities from congestion, and there are trillions of dollars at stake.

With Google currently seen to be leading the race to develop driverless cars commercially, eight or more car manufacturers have made it clear that they are also in it to win it, or at least share in the enormous potential profits. These include Audi, Daimler, Delphi, Ford, General Motors, Nissan, BMW, Tesla, and Volvo.

A recent Forbes news report that names interested vehicle manufacturers also points out that “trillions are at stake.” With new vehicle sales in the US accounting for a mere 19 percent of global auto sales, the potential is astounding – especially since income relating to the annual US automotive industry tops more than $2.5 trillion. National Automobile Dealers Association (NADA) figures show that new vehicles accounted for $464.3 billion in 2014 alone.

The same report also claims that driverless taxis would disrupt the US car rental trade by some $26 billion. This could impact dramatically on public transportation as a whole, even as frontrunners developing driverless cars will be sure to make money, and lots of it.

At the same time, it will also depend whether “driverless” cars are completely unmanned or not. While Google is aiming for totally autonomous, driverless cars, Tesla, for example, has said it will focus on autopilot and release drivers from “tedious tasks” rather than get rid of the driver completely.

Another issue is safety.

Self-Driving Cars and Accidents

Google announced this week that the self-driving cars it has been testing in California – on the open road, including highways – have been involved in a total of 11 accidents during the past six years. The company maintains that all accidents were “minor” and that the cars weren’t the cause of any of the accidents. The claim is that other drivers crashed into driverless cars (so not my fault).

According to Google’s director of the self-driving program, Chris Urmson, rear-end crashes account for the most accidents in the US, “and often there’s little the driver in front can do to avoid getting hit.

This might sound minimal, but in real terms, these accidents involved four of the 48 self-driving cars on Californian roads (8.3 percent), and they all happened in the past eight months since it became mandatory to report all accidents being tested on public roads. One car belonged to Delphi (that supplies parts), and the others to Google.

Whatever the impact (physical or financial) companies that don’t want to get rid of drivers totally have some confidence that drivers can prevent accidents. This becomes a real issue when conditions aren’t perfect, says Pat Bassett, vice president of the North American research and engineering center for Denso. For this reason there are, he says “still some technical challenges and some legal issues that have to be resolved.”

After all, if nobody is driving, who will be held responsible?

Nevertheless when and if self-driving cars become a daily reality, there is no doubt that traffic patterns will change.

How Shared Self-Driving Cars Could Change City Traffic

A new study by the International Transport Forum (ITF) indicates how driverless cars are likely to change traffic congestion in the world’s cities. “Impact on travel volume Shared and self-driving fleets hold much promise for reducing the number of cars in our cities…

Ultimately, self-driving cars could remove nine out of ten cars from city streets and make them redundant. This scenario would free up vast amounts of public space that would not need to be used for parking. The question is probably not how many driverless cars will ultimately take to the streets of USA, but which companies will make money from them.

By Penny Swift

Gary Bernstein
Most Dangerous Botnets While it’s no secret that the technical sophistication of cyber-attacks grows exponentially, adversaries often need widespread networks to make it happen. One of the ways to do that is to infect legitimate ...
Yuliya Melnik
DevOps Services Outsourcing The sooner you release your unique idea to the public, the higher the chance that it will receive the lion's share of the audience's attention. Delays in development can lead competitors to ...
Gary Bernstein
Test Data Management How do you test your data management systems? With Delphix, you can automate your tests by running your data against a virtual copy of your production environment. Today, the amount of data ...
Metasploit-Penetration-Testing-Software-Pen-Testing-Security
Vulnerability Scanners Cyber security vulnerabilities are a constant nuisance and it certainly doesn't help with the world in a current state of disarray and uncertainty. Vulnerabilities leave businesses and individuals subject to a wide range ...
Gilad David Maayan
What Is SSPM? SaaS Security Posture Management (SSPM) is a set of security tools that an organization’s security team can use to gain visibility and manage security for their Software as a Service (SaaS) applications ...

PROXY SERVICES

  • Smartproxy

    Smartproxy

    Smartproxy is a rising star in the constantly growing proxy market. Smartproxy offers awarded customer service, impressive performance, and is serious about your anonymity (yes, cybersecurity matters). The latest features developed by Smartproxy are 30 minute long sticky sessions and Google Proxies. Rumor has it, the latter guarantee 100% success rate

  • Bright Data

    Bright Data

    Bright Data’s network is one of the most robust of its kind globally. Here are its stark advantages: Extremely stable connection for long sessions (99.99% uptime guaranteed). Free to integrate with our Proxy Manager which allows you to define custom rules for optimized results. Send unlimited concurrent requests increasing speed, cost-effectiveness, and overall efficiency.

  • Rsocks

    Rsocks

    RSocks team offers a huge amount of residential plans which were developed for plenty of tasks and, most importantly, has been proved to be quite efficient. Such variety has been created on purpose to let everyone choose a plan for a reasonable price, online, rotation and other parameters.

  • Storm Proxies

    Storm Proxies

    Storm Proxies' network is optimized for high performance and fast multi-threaded tools. You get unlimited bandwidth. No hidden costs, no limits on bandwidth. Try Storm Proxies 100% Risk Free. If you are not happy with the service email us within 24 hours of purchase and we will refund you.