Driverless technology is the latest advancement in the auto industry – and companies like Uber and Google are at the forefront of this innovation. Driverless cars are already becoming a reality, and will soon push the ride-sharing industry to the next level. With no driver, prices will drop and availability of rides will increase.

At AutoLoans.ca, we provide car loans to Ontario residents – and we’re the experts on all makes and models. Our team created this infographic, “The Driverless Uber, Coming To A Street Near You,” to offer the latest information about the pitfalls, successes and future of automated vehicles (AVs).

How Long Will It Take?

With 2 billion cars currently on the road, Elon Musk predicts it will take 20 years to make the switch to AVs.

In 2016, Uber launched two AV Pilot Projects in Pittsburgh and San Francisco. It’s expected that in 2021, AVs will be commercially sold in limited numbers. To make way for this new technology, the year 2027 will see changes to congestions and parking.

How Will Ride-Sharing Be Impacted?

AVs will quickly take the place of human drivers for ride-sharing companies like Uber. These driverless vehicles will simply park between rides.

Industry experts predict the rise of car sharing will cause a drop in global car sales as early as 2021, totalling $8.2 billion in losses and 550,000 fewer cars purchased.

Google VS Uber

Competitors Google and Uber have launched pilot programs for AVs while also developing their ride-sharing business. Google’s AVs have driven 2 million miles on city streets.

By September 2016, Uber’s AVs were successfully driving on the streets of Pittsburgh. However, when the company launched the same sort of pilot a month later in San Francisco, they neglected to acquire the proper permits and a judge ordered their AVs be removed from the road on the first day of the project.

The company overcame this hurdle by moving the San Fran cars to Tempe, Arizona. But in March 2017, one of the Uber AVs in Tempe collided with another vehicle and all Uber AVs were pulled from the streets immediately. It was soon determined the human driver of the other vehicle was at fault, at which point, Uber got its AVs back on the streets of Pittsburgh and Tempe.

This infographic offers in-depth information about this technology and how it will impact some of the fastest-growing industries. Read below to learn more.

the-driverless-uber

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