Driverless cars are coming to the streets and highways sooner than later. Despite the legal wrangling between Google and Uber over the technology itself, it is predicted by some that 60% of cars on the road in the next 10 years will be driverless, although no one knows for sure.
This is good news for consumers but bad news for the economy and certain industries. For consumers, driverless cars means reduced fuel costs, less collisions and less labor costs. Adding to this, the stress of driving for some people can be sometimes overwhelming. Once driverless car technology is refined, it may even affect the pharmaceutical industry with people needing less medication as well as potentially less doctor visits, although this remains to be seen.
The other side of the coin is the economy. Various industries will be negatively impacted by this disruption in the way transportation is used. Below are two areas that driverless cars will change this.