GM’s Crashing Taxi

Other than electric vehicles (EVs), the next big thing on its way to revolutionizing the car industry is what is known as autonomous vehicles (AVs). If they work, drivers can sit back, read, sleep or have a cocktail. The trouble is that the early versions of these keep crashing. This threatens their passengers, other drivers, pedestrians and property. (These are the world’s most innovative car companies.)

Most of the crashes of AVs have had benign effects. A dented bumper here and there is nothing compared to fatalities. However, regulators have taken serious harm and damage into consideration. GM’s autonomous vehicle operation, called Cruise, had robotaxies operating in San Francisco. One hit a firetruck and injured a passenger in the Cruise vehicle. GM has been ordered to chop its fleet of these cars in half, a blow to the huge American car company’s aspirations.

The San Francisco Department of Motor Vehicles wants what it calls “corrective action.” According to Bloomberg, one flaw of autonomous cars is that they have trouble detecting emergency vehicles. It is hard to imagine a bigger problem, beyond the vehicles not working entirely.

Get Our Free Investment Newsletter

I have read, and agree to the Terms of Use

And Americans may shy away from these vehicles for exactly that reason. People are used to driving cars, which allows them to have their fortunes and safety in their own hands, although there are tens of thousands of serious car wrecks each year.

ALSO READ: 25 Modern Inventions We Really Don’t Use Anymore

The challenge of adopting driverless cars is a cousin to the resistance to EVs. EVs take a long time to charge compared to gasoline-powered cars. Plus, they have limited ranges between “fill-ups.” Americans may be driving “legacy cars,” but at least they have been driving vehicles similar to those on the country’s roads for decades. People want to risk creating their crashes.

An autonomous car crash raises the specter of more and more of these. Better skip reading and the chance to sleep.

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.

Source: Read Full Article