Will automated vehicles really be safer?

 |  6 May 2024

The data around this is still in its early days. However, vehicles that react faster and never get tired or distracted, could dramatically decrease the number of serious accidents every year.

More than 40,000 Americans die each year in motor traffic fatalities. Worldwide, the number is more than 1 million. Manufacturers and regulators of autonomous electric vehicles (A-EVs) are keenly aware that they will need to be noticeably safer than human drivers for robotaxis to gain widespread adoption.

Google’s Waymo recently reported having completed 1 million vehicle-miles of fully autonomous travel with “only two collisions” and “no reported injuries”.  Waypoint - The official Waymo blog: First Million Rider-Only Miles: How the Waymo Driver is Improving Road Safety.

It is too soon, based on one company operating in just a couple of cities (predominantly San Francisco and Phoenix) and in one country, to say with certainty that A-EVs are safer, but they might be. We will need more data.

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Witness the transformation

TaaS will ultimately disrupt the entire transportation industry, as it is cheaper and safer.

Choosing TaaS over independently owned vehicles will lead to a disruption in costs of up to 10 times. We know of no other market where a cost differential of 10 times has not led to a disruption.

Beyond the specific cost structure advantages, there is something more profound happening here. When you take away 99% of accident risk, it changes the scalability of TaaS. When you take away not just the maintenance cost, but unexpected downtime, it enables high availability. But most importantly, there is a paradigm shift happening where vehicles are becoming servers.

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