Self-driving cars are one of the fascinating concepts of the 21st century. Technology has begun to disrupt the ways most people think about transportation. This technology is rapidly evolving. The number of cars on the road is estimated to increase by approximately 36% per year. It won’t be long before self-driving cars are hitting the market with their own set of consequences.

Yes, with the increased technological advancement in recent decades, the progress has been quick and more changes have been seen. Almost every time these improvements have been made, there has been a lot of public discussion.

The consequences of a new invention can be felt a few months later with the emergence of new technology. Then a few years later, the technology has progressed from a revolutionary start-up concept to a societal necessity.

Self-driving cars are a new and successful solution and can transform the auto and technology industries, and we will witness more developments as time goes on. The industry is going through tremendous changes and will continue to progress and improve.

What Does Self-Driving Mean and How Does it Work?

So let’s take a look at how the technology works and what its potential is. A self-driving car is a vehicle that can help you get from point A to point B without any input from the driver.

Self-driving Vehicles create their path by analyzing their surroundings. With sensors, GPS, and front-facing cameras, the vehicle uses the latest technology to keep itself driving safely on the road. Thus, technology is making self-driving cars on the road more feasible than ever.

Advantages of Self-Driving Cars

The latest advances in artificial intelligence have significant implications for the automotive industry. Self-driving cars have the potential to transform the production, ownership, and usage of vehicles. But what are the advantages of self-driving cars?

There are numerous advantages that the general public may not know.

Every year, around 1.3 million people lose their lives due to automobile accidents. It can be a deeply personal loss. Plus, the cost of these fatalities has risen annually, going from a mere $3.35 billion in 1980 to a whopping $437 billion in 2015. The amount of insurance paid for these poor departed souls has gone from a mere $1.3 billion to $75 billion.

Increased Safety

So, the first benefit of self-driving cars would be in terms of safety. A statistical prediction of traffic deaths for 2017 by the American Department of Transportation (DOT) and the National Highway Traffic Safety Administration (NHTSA) indicated that self-driving cars would save 37,150 individuals.  People involved in motor vehicle accidents often contact car accident lawyer Perth for help with their existing compensation claim.

Less Traffic

The second-most important benefit is congestion reduction— which, according to a report by the United Kingdom think-tank RAND Corporation, could save 100,000 lives annually through reduced smog.

Less Accidents

We may expect self-driving automobiles to make our lives easier. The Google automobile has figured out how to avoid even the tiniest motor vehicle crashes .

No More Parking Concerns

Self-driving cars offer consumers a plethora of benefits. Self-driving vehicles also cut down on pollution and traffic checkpoints. You won’t have to start and park your vehicle. And, if you’re late for a meeting, you won’t be worried about getting a ticket for parking incorrectly.

The advent of autonomous vehicles has the potential to reshape how people live and work. While the impact of autonomous vehicles on urban environments is generally accepted, their potential impact on urban mobility might not be so widely understood.

The Future of Self-Driving Cars

Self-driving cars, according to optimists, will be sufficiently dependable, economical, and common by 2030 to supplant most human driving. That has potential savings and benefits for humanity and is an idea that’s always been in development.  The most optimistic predictions for this tech include fuel efficiency that improves by 30% to 70%, decreased traffic dramatically, virtually zero road deaths, greater peace of mind, and most of all – an even better world.

In the future, autonomous vehicles (AVs) will be critical. Passenger safety may be in danger if they delay the development. In addition, a lack of clarity about consumer demand could result in a high failure rate. A thorough understanding of AVs is required to ensure safety.

The First off the Rank

Researchers believe that the first commercially accessible self-driving vehicles are likely to be costly and performance-limited. These will be costly, just as the first computers, smartphones, and automobiles. Unlike these products, however, these cars are likely to be severely constrained in terms of performance.

Instead of being well-rounded machines, self-driving vehicles are likely to be focused on completing specific tasks or finding particular locations.

For cars to be commercially viable, the price will have to drop enough to make them affordable to a significant portion of the population. For the automobile companies, this will require a significant investment in perfecting their technology. In the meantime, many independent developers will carry on experimenting with the tech.

According to Daphne Kisagun, Managing Director of Mobility, Insurance & Driverless Cars at Accenture, Optimistic, autonomous vehicles will be safe and reliable by 2025. Car owners may still have to pay for lost time, job disruption, or other related expenses that arise from accidents such as hiring lawyers Perth, but they will have more time, convenience, and choice.  


According to the opinion of the American Insurance Association, Industry experts predict that in the next decade, self-driving cars will be safer than human-driven vehicles, with the same or better safety rankings, with rates of lawsuits halving in the process. Thus, the road to fully autonomous cars has never seemed more promising.

By Manali