Autonomous Vehicles Will Make Life More Affordable

The most direct way AVs will lower costs is by slashing what you pay per mile to get around. And this matters because transportation is the second-largest expense for most American households after housing. Though AVs are more expensive right now (which is typical for a nascent technology) the cost is expected to decline fairly quickly. Per mile costs for robotaxis are expected to drop by 50 percent between now and 2030. By then, at least in some contexts, they are expected to be cost-competitive with privately owned vehicles and significantly cheaper than current ride-hailing options.

https://www.therebuild.pub/p/autonomous-vehicles-will-make-life