Tim Worstall, senior fellow of the Adam Smith Institute, has argued that driverless cars will hail the end of public transport in this morning's City AM.
Whether it’s Uber that perfects the autonomous vehicle is yet to be revealed: but they will be perfected and they will destroy the entire public transport system. Given the sheer number of people that a commuter train system can move, that section of the system will last longer than others. But urban and rural bus systems (where any of the latter still exist) will simply be wiped out.
As the current incarnation of Uber shows, we just love point-to-point on demand transport if it’s cheap enough. Kill off the cost of the driver with an AI and autonomous vehicles will be price comparable with the bus. It’s a complete no brainer: public transport systems will be eviscerated by the driverless car.
Read the article in full here.