There’s a natural paradox when it comes to innovation—it often brings unexpected benefits to society, but it can also cause disruptions and upheavals, creating particular risks in the labor market. Experts discuss the risks and rewards of autonomous vehicles on the country's economy.
The unexpected victory of President-elect Donald Trump this month overshadowed other major election developments, including the approval of billions of dollars in new mass transit and infrastructure projects across the nation. How will self-driving vehicles affect these and other infrastructure developments?
The commercialization of energy and transportation technologies can be very expensive and risky, so given the enormous task of reducing oil dependence, partnerships established through ARPA-E projects will be very vital.
The OECD's International Transport Forum introduces a new kind of urban mobility system that would remove 97 percent of cars on the road, and reduce fuel consumption by 30-40 percent.
Instead of achieving the original, headline-grabbing efficiency target of 54.5 miles per gallon (mpg), the fleet of new vehicles sold in 2025 is likely to clock-in at more like 50 mpg. And even that target depends on fuel prices over the next decade—with oil prices needing to approach $100 per barrel by 2025 to keep efficiency above 50 mpg.
As winner, Columbus will focus on applying a state-of-the-art transportation system towards driving employment and economic growth, while accelerating adoption of electric and autonomous vehicles.
The best way to put our energy future in our own hands is to utilize free market principles and inject serious fuel competition in the transportation mix.
Autonomous vehicles promise to shatter current limitations on personal mobility while revolutionizing fuel efficiency and enabling a widespread transition to electric vehicles. Skepticism about driverless cars, as with any new technology, is high. As criticism mounts, so have popular misconceptions.
Uber is rumored to have purchased 100,000 autonomous vehicles from Daimler’s Mercedes Benz. While Daimler and Uber have yet to comment based on press reports, the deal would make a lot of sense for both companies, and it would be an important step for the penetration self-driving cars.
Self-driving cars have the potential to bring extraordinary benefits to consumers and society as a whole, but technology is moving faster than policymakers can keep pace with. In order for self-driving vehicles to reach their potential, there needs to be a federal regulatory environment that allows for flexibility and accelerated development.