Financial Losses.

My view on driverless cars is that when they arrive they will abide by all the rules of the road. 

Of course there will be people who will try and hack them to make them drive differently and break the laws but generally they will be law abiding vehicles.

As such I expect that they will not break any speed limits.

As they are driverless they can’t be stopped for drunk driving.

Also they will not park illegally.

They will also be safer and have few if any accidents.

So what is wrong with all of this I hear you say? 

Well for people who rely on income from cars/lorries etc. they are about to take a massive financial hit.

In the UK more than a million speeding fines were issued in 2022 alone, costing motorists £10 million. So if driverless cars take off then our Government and local authorities will have a hole to the tune of £10 million to their budgets. The need to run speed awareness courses will also diminish due to the lack of attendees.  There will be other financial hits as well.

In the year up to March 2023, a record 11.1 million parking tickets were issued to drivers on private land, totaling an estimated £1.1 billion. If driverless cars do take off then anyone benefiting from parking fines could soon find their incomes disappearing quite rapidly as driverless cars find somewhere legal to park and programmed to avoid being clamped.  

More than 10,000 drivers were arrested for drunk-driving offences during a festive season. Whilst driverless cars this will save costs on the policing and taking offenders to court there will also be a hit on the finances as offenders could currently be fined up to £2500.00.

If the risk of fewer car accidents are identified for driverless cars then this should mean the cost of car insurance will also have to drop dramatically as well. As such car insurance companies will start to see a massive reduction in income as well.

I am sure there are lots of other people/bodies and organisations that currently benefit from drivers breaking the law or cars having accidents that all of a sudden will find themselves in financial difficulties as their businesses incomes begin to diminishes with the move to driverless law-abiding accident free vehicles