What is the importance of self driving cars?

Self-driving vehicles may be the most significant innovation in transportation since automobiles were first invented. Though still in their infancy, autonomous cars and trucks could radically transform how people and goods move around—with profound implications, good or bad, for safety, equity, and the environment. read more

The next major source of savings is that time spent in the car will be free to do stuff other than driving. This is a huge deal if you consider how much time people spend in cars. In the last 12 months to August, we traveled an estimate 2.9 trillion vehicle miles in our cars. That's almost 10,000 miles per person in the U.S. per year. read more

When you have fewer cars on the street ypu wouldn't need that many lanes and parking structures anymore, signal lights and traffic signs would mostly become obsolete. Self-driving cars are able to coordinate their driving through observing and/or communicationg with other vehicles. read more

So by having self driving vehicles (trucks, cars, buses, delivery vans, etc.) will reduce costs a lot and make for cheaper transportation. Thirdly, because of so many accidents, insurance for drivers is expensive, and that creates a huge profitable industry to collect those funds and dole them out to the victims of accidents. read more