The driverless car will improve traffic, make roadways safer, reduce fatalities, increase productivity and, one more thing, save people A LOT of money. Chances are, you’ll first see those savings reflected in your Uber bill. Experts predict that you’ll be able to buy a driverless car in the next five years, and Uber plans to be one of the first to sign the paperwork.
If you live anywhere but under a rock, you know that the Uber has repeatedly alienated journalists, customers and its drivers this year. This month, the tech giant vowed to “become a smarter and more humble company,” but the company is still getting shelled by the media and drivers are protesting around the world. Luckily for them, the company might not need the drivers for much longer, and they might have a solution for customers who are sick of high fares and surge pricing. According to Uber CEO, Travis Kalanick, “the reason Uber could be expensive is because you’re not just paying for the car — you’re paying for the other dude in the car.”
In places with heavy traffic, like San Francisco and New York City, the introduction of an autonomous and electric Uber cars could reduce fares by over 75 percent! That ride from Brooklyn to the Lower East Side will go from $20 to $5 and you won’t even have to worry about tipping. A fare from Chinatown to the Financial District could cost less than a gumball.
So how did we figure that driverless Uber could be so cheap? First we looked at the costs associated with operating an Uber vehicle. The big ticket items include insurance, driver salary and fuel. If Uber were to unleash a fleet of electric and driverless cars on big cities, the major expenses of fuel and driver salary would be wiped clean and the only major costs would be vehicle maintenance and insurance.