The Economic Perspective: “The Future of Vehicles”

This is Mary Walden with economist MW, welcoming you to the economic perspective.   Today’s program looks at the future of vehicles.  Mike, there appears to be big changes occurring to vehicles.   Enhanced safety features, new fuels, and alternative styles are some of them.   But the potential biggest change could be self-driving, or autonomous vehicles.  How close are we to that option?

  1. I recently attended a meeting where this was discussed
  2. Expert said we may be 90% to self-driving vehicles
  3. But sail last 10% was the most difficult
  4. That 10% includes overcoming public reluctance to accept self-driving
  5. Instead, will more likely see vehicles using technology to talk to each other
  6. For example, a vehicle being driven by someone who is about to run a red light would communicate that to my vehicle so I could avoid a crash
  7. Communication could also help vehicles avoid congestion
  8. Experts think this will come soon.
  9. I’m MW

Mary:  And I’m Mary Walden for the Economic Perspective, an NC State Extension program from the Department of Agricultural and Resource Economics.