Question

I'd like to know the impact of self-driving cars on the economy.

I'd like to know about both advantages and disadvantages.

Answer 1

Self driving cars are the cars which are capable of sensing its environment and moving with little or no human intervention.

Advantages:

a. These cars will reduce costs through elimination of driver salaries.

b. Crime will go down as cars may not be used by criminals for crime.

c. These cars will obey traffic rules as programs will make it compulsory to follow them and hence number of accidents will come down and insurance payments may also go down.

d. As speeds will be controlled, milege will increase.

Disadvantages:

a. Unemployment may go up as drivers lose jobs. However, it may be possible that new jobs are created in servicing these kind of cars.

b. Hackers may manipulate program and accidents may happen.

c. Technology has to be full proof to make it a reality.

d. Cares may be very expensive and may be put of reach of commons economically.