Tuesday, February 25, 2025

Economics: Why We Need Self-Driving Cars


 (Drivebycuriosity) - Car insurances are getting much more expensive these days. The average rate jumped 31% y-o-y ( bankrate). The rise is mainly caused by the climbing number of accidents. C
ar crashes are very often caused by human failure, like speeding, alcohol abuse, falling asleep, texting & driving, phone calls or other distractions ( source).

But there is a remedy - self-driving cars. Computers have a much shorter response time than humans. They don`t drink and drive, they don´t text while driving. Robots don`t drive aggressively, they don´t take drugs, they aren´t distracted, they don`t feel the need to impress by speedy driving. Self-driving cars do not engage in car races, they don´t do suicide by driving, they don´t fall asleep while driving and they adapt their speed to the traffic situation. They behave strictly rational.

Computers don´t make mistakes and they don´t behave unlawful. A computer needs just a nanosecond to respond to a surprising event (like a child on the street), much faster than a human brain. And with the assistance of sensors the computer can respond to the traffic situation (hydroplaning, ice, potholes) much better than a human driver. As a result self-driving cars have much fewer accident than vehicles driven by human.

Fewer accidents mean less lost lives and save a lot of costs for the economy. They will also translate into lower insurance costs, so driving will get cheaper which also will reduce the costs for Uber, Lyft and taxi rides. 

Self-driving cars are also more efficient, because computers can calculate the optimum speed, track and driving rhythm. Therefore they use less energy to move from place A to place B. Self-driving cars will burn less gasoline which reduces the consumption of fossilized energy and create less exhaust, dampening the greenhouse effect.

Welcome to self-driving cars.

 

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