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The Economics of Autonomous Vehicles
Most of the big car manufacturers now have an automatic vehicle ('AV') division and expect to make the technology available to the mass market as early as 2025. And by the year 2045, AV market share is predicted to be as high as 87.2 per cent. The authors share findings from their study of 55 cities worldwide that are taking a holistic approach to implementing multifaceted AV policies-covering everything from traffic rules to land use, ride sharing and taxi reform. They describe the progress made to date and the key challenges that lie ahead as consumers, cities and regions embrace this disruptive technology.