Autonomous vehicles will cause unprecedented job loss and a fundamental restructuring of our economy, solve large portions of our environmental problems, prevent tens of thousands of deaths per year, save millions of hours with increased productivity, and create entire new industries that we cannot even imagine from our current vantage point.
Industry experts think that consumers will be slow to purchase autonomous cars – while this may be true, it is a mistake to assume that this will impede the transition. Morgan Stanley’s research shows that cars are driven just 4% of the time,5 which is an astonishing waste considering that the average cost of car ownership is nearly $9,000 per year.
Current research confirms that we would be eager to use autonomous cars if they were available. A full 60% of US adults surveyed stated that they would ride in an autonomous car9 , and nearly 32% said they would not continue to drive once an autonomous car was available instead.