On Monday, the Financial Times had an article noting that driverless cars may create more traffic jams because more people will take cars if they don’t have to drive themselves. But, the article also noted that “[p]redictions for driverless cars hitting the road en masse have repeatedly been proved wrong.” The FT published my letter giving my theory why in Friday’s paper. Here it is (there is no link because it is behind their paywall):
“Lex talks about how driverless cars may result in more cars on the road as people find car travel even easier if they don’t have to drive themselves. (‘Driverless cars: jam tomorrow’, March 7) But the article also notes that, ‘[a]fter a decade of hype and hundreds of millions of dollars of investment, you still can’t buy a self-driving car.’ As the article concludes, ‘[t]he future [of driverless cars] may also be further away that investors hope.’
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