Google Inc (GOOG)’s Driverless Cars Will Be Huge Boon For All

Page 1 of 2

I have been writing about this for a while, including this column in November where I scratched the surface of what the driverless car might bring us as a society, but after reading this article in Forbes written by Chunka Mui, my excitement grew, and grew, and grew.

I thought I would bring added flavor to my Motley Fool readers, no doubt piggybacking off some of Mr. Mui’s ideas, which are in line with my own. (perhaps he read my original column too)

Google Inc (NASDAQ:GOOG)

Is It Real?

As of November Google Inc (NASDAQ:GOOG)’s robotic car, a Toyota Motor Corporation (ADR) (NYSE:TM) Prius pimped out with onboard computers and laser visual echo system, had driven 300,000 miles without an accident. Since then, according to Mui’s column there were two minor fender benders when the driver switched over to human control of the car (which is an option).

Sidenote- as this technology ramps up, and comes closer and closer to fruition; Toyota and their Prius are going to be getting a lot of free press. According to Toyota.com the Prius, last month, had its best January ever, up over 36% in volume sold. Imagine if it somehow became the default for driverless car technology.

For a look at the car and a demonstration of how it works I refer you to:  . It is definitely worth ten minutes of your time, promise.

Majorly Disruptive

First of all, this technology is ground breaking and Disruptive in major major ways.

As I am super excited about this, I will likely turn this into a series of columns. In this one I am going to explore 5 ways that society benefits of the hundreds that might exist. If you readers have more ideas of added benefits please enter them in the comment section. To write/ think of them all would take a long time, plus we’d need the clearest of crystal balls. Here are 5 biggies:

1). Car ownership won’t even be necessary

2). Cheaper insurance

3). Less demand for medical care

4). Seniors will be much more independent

5). Productivity of society will increase dramatically

Car Ownership Not Necessary??

That’s right. Most of the time your car lies dormant. Loan it out, there’s always a chance you won’t get it back, somebody will get into an accident, and lord knows what the liability situation is on it.

Enter the driverless car: Imagine a fleet of taxis driving around every nook of a large city. Merely communicate via your phone that you need a ride and within a minute the car is there. Used to parking far away? Not anymore. The car comes to you and drops you off at the front entrance of your location.

Maybe there are competing companies. Enter your destination into your phone, and instantly bids come in as to the cost. Press a button to choose. Based on GPS location, they know where you are.

Basically you will be paying per mile that you drive and no tip to the robot necessary (unless maybe it tells a super funny joke-app makers?)

No worries about overnight parking tickets on the street, about damage to the body of your vehicle from someone plowing into it and not leaving a note, car washes, etc. Nope, that will all be included in the price you pay for the trip.

No DMV fees for you, no tickets, personal liability coverage, etc. That doesn’t mean you might not choose to own a car, but unlike today’s world, you’d have the option.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

The 10 Biggest Outlet Malls in USA

The 5 Most Popular Rap Songs of All Time

The 10 Countries that Eat the Most Meat

The10 Most Expensive Countries to Fly To

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!