Proof Point
Autonomous vehicles expected to create new business models, decongest roads, reduce accidents, accelerate innovation, displace human drivers and decrease consumer car ownership
Autonomous Vehicles Overview and Expected Impact
Proof Point Findings
- Autonomous Vehicles – Vehicles with full driver control, capable of sensing and navigating environment without human intervention
- Job Displacements – Eliminate need for human drivers, such as private chauffeurs, public transportation drivers, and professional truckers, putting 2.2 to 3.1 million driving jobs at risk in the U.S.
- Safer and Decongested Roads – Decrease accidents caused by human error and optimize driving patterns, eradicating up to 94% of total road accidents which are attributed to human driver errors and increasing road capacity by up to 80%
- Increased Energy Efficiency – Optimize autonomous driving behavior and lessen reliance on fossil fuel gases, potentially reducing transportation energy demand by up to 40%
- Vehicle Ownership Decline – Decrease propensity for car ownership as both private and public transportation improve, with 35% of consumers seeing 50% decline in car ownership by 2025
- New Business Models – Lead to emergence of new transportation business models, disrupting mass public transits and e-hailing systems, such as community fleets
- Cross-Industry Innovation and Disruption – Accelerate innovation and disruption in non-transportation related fields that heavily depend on vehicle technology, such as supply chain and logistics, public infrastructure, real estate and urban planning, and media and advertising
