Autonomous Cars Could Lead To Billions In 'Digital' Revenue By 2025
Not only that, but we'll have lots of reasons to kick back and sing "Everything is Awesome" as our self-driving cars whiz through traffic and deliver us all to our destinations safely and more efficiently than we're currently able to do in our manually driving vehicles.
The study, which was released today by McKinsey & Company, suggests that widespread adoption of self-driving cars could reduce vehicle crashes in the U.S. by 90 percent. That in turn would save nearly $200 billion a year from costs associated with injuries and death. And on top of it all, commuters would reclaim up to 50 minutes of their day that was previously devoted to driving.
So, when is this going to happen? The study points to 2025 to 2030 for early adopters, with mass adoption taking place around the year 2040. If true, insurance companies would have to adapt. Rather than insure drivers from personal and property damage, they may charge for protection from technical failures.
Lost in all this is how much these vehicles will cost.