/ Industry, News, Technology / Autonomous cars could forever change auto industry

Autonomous cars could forever change auto industry

Linked In Share
Autonomous cars could forever change auto industry

Cars that are driven by their computers will have massive social and industrial ramifications, and they could really be ubiquitous by 2025.

The avoidance of accidents will cut insurance costs. Fuel savings will be huge from more efficient high-speed, long-distance cruising in “car-trains.” Congestion avoidance will speed traffic and save fuel too. Older people won’t lose their freedom of mobility when they physically can’t drive any more. Inexperienced young people won’t be barred from driving because of crippling initial insurance costs.

“By 2025, driverless cars will be in widespread operation, which could revolutionize individual mobility,” HSBC said in a recent report.“This will enable people to drive until an old age, fuel efficiency will increase, and accidents will be reduced to close to zero,” the bank said.

There will be losers too. Obviously taxi companies will find business disappearing. Railroads, bus companies and short-haul airlines will suffer. If you can move from your home to your destination, door-to-door in the comfort of your car, who’s going to take the train, bus or plane?

Hotels might be in for a shock too. If you can travel overnight to your business meeting in the morning by sleeping in the back of your self-driving Winnebago, showering and breakfasting on the way, who’d want to do it the traditional way?

Big winners will include software sellers with in-car applications to entertain drivers with new time on their hands. Radio and recorded music businesses will lose a captive audience. Highway speed limits are likely to be raised when the new technology demonstrates it can eliminate accidents, cutting journey times and adding to the virtuous circle.

“This is not a toy. The social and economic implications are enormous. Beyond the practical benefits, we estimate autonomous cars can contribute $1.3 trillion in annual savings to the U.S. economy alone, with global savings estimated at over $5.6 trillion,” Morgan Stanley said.

And when it becomes obvious that car computerization works, it won’t be long before people start to look at all those vehicles sitting motionless in parking lots all day doing nothing. Why not use computer power to use them a bit more often by dialing up the nearest available car for your limited journey?

“Non-auto industries with high stakes in this market include telecom services, software, media, freight transportation, semiconductors and insurance,” Morgan Stanley added.

Consultants Frost & Sullivan (F&S) said most major car manufacturers are pursuing autonomous cars with Mercedes in the lead, followed by other Germans like BMW and Volkswagen. Toyota’s Lexus is at the forefront too, but Ford is also up there and closing fast. F&S says Google is a leader too, although as a technology provider not a carmaker.

Morgan Stanley said VW’s Audi, Mercedes, BMW and Nissan are leading vehicle manufacturers for self-driving, while suppliers like Delphi, Continental, Autoliv and TRW are spending heavily. Technology companies IBM and Cisco are in the field too as well as Google.

by Aurel Niculescu (my Google+) - Monday, December 2nd, 2013 - filed under Industry, News, Technology. Image credit: .
Linked In Share
Related Articles


Discuss: Autonomous cars could forever change auto industry

Leave a Reply


















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

Tesla Might Use Materials from North America for its Battery Gigafactory amid Pollution Worry
Tesla Might Use Materials from North America for its Battery Gigafactory amid Pollution WorryTesla CEO Elon Musk plans to use for its $5 billion US battery factory only raw materials sourced in North America. The electric ...
MINI Cooper T goes official on April Fools’ Day
MINI Cooper T goes official on April Fools’ DayMINI has officially unveiled its newest creation, the so-called Cooper T, which is revolutionizing the automotive industry by ...
Red Ferrari LaFerrari spotted in Monaco
Red Ferrari LaFerrari spotted in MonacoA red example of the very rare and even more impressive Ferrari LaFerrari has been recently spotted on the streets of Monaco, ...
Next-gen Mazda MX-5 sketch hits the web
Next-gen Mazda MX-5 sketch hits the webThe first official sketch with the next generation of the Mazda MX-5 has recently hit the web ahead of the model’s public debut ...
[VIDEO] London Aventador crash – moment of impact caught on camera
[VIDEO] London Aventador crash – moment of impact caught on cameraThe moment of impact when a Lamborghini Aventador was crashed in London was caught on camera and it’s clearly showing what ...
Citroen C4 Cactus Arsenal Edition unveiled on April Fools’ Day
Citroen C4 Cactus Arsenal Edition unveiled on April Fools’ DayCitroen couldn’t stay away from the “classic” April Fool’s Day jokes and it has prepared a special edition of the ...
Recall roundup: Honda Civic for tire problem
Recall roundup: Honda Civic for tire problemHonda has announced a recall for several Civic LX coupes and sedans from the 2014 model year because of a potential problem with ...
Ferrari 458 Italia gets ruined in Madrid
Ferrari 458 Italia gets ruined in MadridThe driver of a Ferrari 458 Italia has managed to crash his ride after trying to overtake another car in Madrid. The Ferrari 458 ...
US: Ford Fusion Reached Record Sales in March
US: Ford Fusion Reached Record Sales in MarchFord said that its Fusion sedan has reached record sales in March thanks to increased incentives for this model to meet raising ...
General Motors announcing another 1.3m unit recall
General Motors announcing another 1.3m unit recallGeneral Motors has recently announced another recall which is affecting a total of 1.3 million units this time in the American ...
Peugeot boosts 2008 small crossover output to meet customer demand
Peugeot boosts 2008 small crossover output to meet customer demandPSA Peugeot Citroën, Europe’s second-largest carmaker, on Wednesday said it would increase production of the Peugeot 2008 ...
Recall roundup: Jeep Grand Cherokee in Australia
Recall roundup: Jeep Grand Cherokee in AustraliaJeep has recently announced a recall for the Grand Cherokee in Australia because of a problem with its braking system. According ...
Peugeot 308 SW gets priced in the UK
Peugeot 308 SW gets priced in the UKPeugeot has recently announced the starting price of the new 308 SW in the United Kingdom, where the cheapest version of the ...
Recall roundup: Holden Cruze for driveshaft issue
Recall roundup: Holden Cruze for driveshaft issueHolden has recently announced a recall for the Cruze in Australia because of a driveshaft issue which is affecting almost 3,000 ...
Blue Pagani Huayra films Pepsi commercial
Blue Pagani Huayra films Pepsi commercialA blue finished Pagani Huayra has been recently spotted while filming a commercial for Pepsi, in Milano, Italy. The Pagani ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

mini cooper t 1
ferrari laferrari monaco 1
Citroen C4 Cactus Arsenal Edition 1
ferrari-458-italia-crash spain 1
pagani huayra pepsi commercial 1
Mercedes S63 AMG Coupe 1
Chevrolet Corvette C7 Stingray police livery 1
Ugur Sahin Design Project F 1
MINI Paceman Goalcooper 1
Opel Astra Copacabana 1
BMW Group Design Subway Kuala Lumpur - Front View
arrinera hussarya 1

More automotive from inautonews
Tesla CEO Elon Musk plans to use for its $5 billion US battery factory only raw materials sourced in North America. The electric vehicle maker does not plan to import the cobalt, graphite and other materials necessary for its Gigafactory, according to automaker's spokeswoman Liz ...
read more
Inautonews Editors Section
Test Drive: Renault Captur 0.9 – TCe 90 – fast review
Test Drive: Renault Captur 0.9 – TCe 90 – fast review After we’ve tested almost all Renault Captur models, we decided to check out the 3-cylinder engine - 898 cc 66kw (90 hp) model. Why we’ve ...
Test Drive Fiat 500L Living – Review
Test Drive Fiat 500L Living – Review Who ever thought in 2007, when Fiat unveiled the new 500 citycar that the Italian automaker will ever build a seven-seater 500 model. Clearly, ...
Test Drive Fiat 500L Trekking – Review
Test Drive Fiat 500L Trekking – Review Fiat had a great success back in the 60’s with the 500 model. It was cheap, practical and equipped with a 479 cmc petrol engine – that’s why ...

Editors Section
Inautonews Editors Section
2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video] 2009 safest cars Euro NCAP

Latest in Safety Recall roundup: Honda Civic for tire problemHonda has announced a recall for several Civic LX coupes and sedans from the 2014 model year ... General Motors announcing another 1.3m unit recallGeneral Motors has recently announced another recall which is affecting a total of 1.3 million ...
Safety Section