Self-Driving Cars: Why Traffic Could Increase to 3X Today’s Level
ARK expects that before 2020 fully autonomous vehicles will become commercially available, enabling the rise and rapid growth of autonomous taxi networks. These networks should decrease the cost and inconvenience of point-to-point mobility dramatically, spurring a transformative boost in economic productivity. As a result, we believe traffic will increase almost three-fold by 2030. Autonomous taxi platforms will allow the non-driving population, which includes the blind, elderly, and young teens, affordable and convenient transportation options. While traffic likely will increase, autonomous cars should operate more efficiently and should give passengers a more pleasant experience than just sitting behind the wheel.
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