Let’s talk about this. Not just insurance….. The article addresses a *few* of these below things. Here’s my 25 year impact plan on driverless cars:
Driverless cars, added to a rental economy. I think most disruption is myth, and agree the marketing of the “sharing economy” sounds better as “disaster capitalism”, but it applies here, for sure. Ownership has declined.
Ownership continues to decline.
Car companies face massive decrease in production levels
Car companies invest everything in driverless cars to compete, regardless of known outcome.
Combine a reduction of ownership and increased efficiency of on demand, driverless cars devastates majority of automotive industry.
30-40% manufacturers out of business in 15 years.
Surviving companies pitted in battle of 3 markets: low, mid range, and luxury.
low and mid range driverless cars become a utility and commodity.
urban and residential parking collapses.
…..States / Cities / communities run on demand fleets residential and commercial
… to make up for the lost revenues from parking enforcement and parking lots.
Parking lots become charging hubs for fleets. Less need for them frees up real estate. the article mentions lowering of property prices as a result….
Cars abide laws, reduction of traffic policing and law, reduction of courts and legal bureacracy, reduction of prison sentences due to less drunk convictions.
Reduction of revenues of gas taxes.
reduction of auto service, utter destruction of body shop and car repair business.
…. if cars end up electric, even further dismantling of auto infrastructure and service
Car washes go away because they become internally corporatized.
Fuel industry alters drastically. Non convenient gas stations all close.
All commercial and private driving jobs disappear, as it will be too expensive to employ humans from a liability perspective. Trucking, limos, cabs, auto dealers, etc
Many stop lights, street lights, and other city utilities are pointless as cars can see in the dark.
Luxury market of driverless owned cars flourishes. They become luxury apartments on wheels, altering the need to live in one place, own/rent city property.
I wish someone would do a competent impact report on this.
Think of being in one of these at an intersection… no stop lights, no visible communication. I would lose my mind.