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Effect of Autonomous Vehicles on Employment

IBIS world estimates there are 413,046 people employed in the taxi and limousine services in the US alone. Further, 4.1 million people are directly involved in the automobile production and maintenance industry. These people would be ‘directly impacted by changes in U.S. production and sales of motor vehicles.’ T he trucking industry employs another 8.9 million people. And the courier and delivery service accounts for another quarter million  employees. The widespread effects of the extinction of car ownership, if it happens in the future is unpredictable. This list is, by no means exhaustive; but there will be a loss or transformation of more than 15 million jobs in the next decade or so. That is close to 4.7% of the current US population and 7.94% of the current US employed population. D oes Anyone know, what happened with Uber ? E ver since March, with the pedestrian killing incident, they seemed to have fallen off the map. I know they’ve completely shut ...

Impact of AVs on Logistics Industries.

N umerous technologies have evolved in the recent times that look to radically alter the working of the logistics and supply chain industry. From 3D printers, workplace automation, and AI to big data all look like a promising tool to substantially increase efficiency and save costs. Autonomous vehicles or self-driving cars are amongst the latest technological innovation that seems set to impact the field of logistics widely. Sophisticated computer navigation, GPS technology, camera technology, and sensor technology together has made it possible for vehicles to be driven without human intervention. Apart from the automobile companies , technology giants like Google and Apple have also invested heavily in this technology. So how exactly will autonomous vehicle impact the logistics industry: Improved Safety: Although earlier in the year Google’s autonomous car crashed in Mountain View, people began to jump to the conclusion that using such technology in the logistics industry i...

Effect of Self Driving Cars in Industries.

S peaking of self-driving vehicles, the taxi industry is the first thing that comes to mind. Uber, the startup which disrupted the taxi industry is all ready to make it big in this transition. Currently, Uber drivers take home almost 75% of the fare you pay. Uber has invested heavily in the autonomous vehicle research. Their CEO, Travis Kalanick has announced that consumers can expect a self-driving Uber fleet by 2030. Uber is one of the companies leading the self-driving vehicle research . According to a study conducted by Columbia University , with a fleet of mere 9000 autonomous vehicles, Uber can replace every cab in New York City. These self-driving “on-demand mobility services” would require you to wait for an average of 36 seconds and fares amounting to 50 cents a mile . As the currently highest valued a startup , replacing every cab in the United States is well within the realm of possibilities of Uber. With such low-cost and convenient rides, that take away t...