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Study Predicts Mass Adoption Of Self-Driving Cars By 2040

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Study Predicts Mass Adoption Of Self-Driving Cars By 2040
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According to a report issued by McKinsey & Company via Reuters, self-driving vehicles could reduce car accidents by as much as 90 percent.

Estimates show this could lead to savings of nearly $200 billion per year from fewer injuries and deaths.

The research and consulting firm predicts the U.S. will see early implementation of self-driving cars within the next 20 years, with mass adoption by 2040.

The Benefits Of Self-Driving Cars

Further benefits of self-driving cars include the increase in free time for commuters (which average about 50 minutes a day driving), and the decrease in need of parking lots (assuming the cars drop passengers off at their destinations).

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Experts estimate this could save 6.8 billion square yards of land in the United States alone.

Prototypes Coming

Google Inc (NASDAQ: GOOG) (NASDAQ: GOOGL), for example, has already started testing self-driving car models.

Quartz reports Google X, the lab that manages Google's self-driving car program, may introduce prototypes to the public by the end of this year.

The tests are expected to give Google a perspective on how users would interact with the technology on a day-to-day basis.

The timing of the pilot program will be determined on how quickly Google's technology can detect road signs and the presence of other vehicles.

Image credit: Tabercil, Wikimedia

Posted-In: McKinsey & Co.Tech Best of Benzinga

 

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