Short Term- Difficult to make this innovation profitable as the technology requires expensive sensors, computing power and software.Market is still small needs time to grow- Issue of economies of scale.
Long Term- Demand is higher.
Why self-driving cars matter?
Aging or visually impaired loved ones wouldn't have to give up their independence. Time spent commuting could be time spent doing what you want to do. Deaths from traffic accidents—over 1.2 million worldwide every year—could be reduced dramatically, especially since 94% of accidents in the U.S. involve human error.
- Eliminate drivers
- Industrial Automation
- Reduce driving errors
- Every one is able to travel so, more cars sold
Why self-driving cars matter?
Imagine if everyone could get around easily and safely, regardless of their ability to drive.
Aging or visually impaired loved ones wouldn't have to give up their independence. Time spent commuting could be time spent doing what you want to do. Deaths from traffic accidents—over 1.2 million worldwide every year—could be reduced dramatically, especially since 94% of accidents in the U.S. involve human error.
further more it Autonomous car have other social impacts such as:
- Reduction in car accidents Source
- Optimal speed
- Efficient use of highways
- Application in various industry
- City expansion
- Saving of parking space
- Transportation will no longer be a hindrance The previously excluded-The disabled-The elderly-Even the kids
Thank you for sharing with everyone.
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