Highly automated vehicles (HAVs) – vehicles that drive themselves some or all of the time – should help reduce the number of road crashes by shifting responsibility for driving from humans to machines.
The systems underlying HAVs, namely sensors, radar, and communication devices, are costly compared to older (less safe) vehicles. The inability to purchase HAVs outright may be circumvented by offering these vehicles for-hire.
It has been estimated that using a robotaxi will cost consumers nearly three times more – on a per mile basis – than owning an older vehicle.
Read the article at Harvard Business Review.