Will Robo-Cars be Unaffordable?

Many are eagerly awaiting self-driving cars -- but we should recall that all of Silicon Valley’s big bets don’t always pay off.

Silicon Valley is pouring billions into robot cars. Soon – although the time scale keeps shifting – tech manufacturers say driverless cars will replace their traditional counterparts, car parks will become parks again and road fatalities will plummet. People have argued over ethical concerns surrounding the technology, the ensuing job losses and the public’s antipathy to this robot revolution. But the biggest obstacle may well be money.

The article continues, "Driver wages are a key part of taxi fares today. The average cab ride in San Francisco, for example, will cost you around $13. The driver keeps most of that. There is one caveat, however. Taxis are inefficient – so inefficient in fact that cabbies only spend about half their time earning fares."

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