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Significance
China and the United States, the world's two largest car markets, are both pursuing leadership in developing autonomous vehicles and the much-touted transformation such transport will bring -- 'social mobility services'.
Impacts
Governments could save on road traffic infrastructure as a result of self-driving vehicles optimising existing road capacity.
On-demand shared transport services will increasingly replace scheduled public transport.
Multi-modal medium-distance on-demand public transport will develop, challenging the business models of airlines and railways.
Harm-minimisation programming poses ethical and liability issues for driverless vehicle manufacturers, operators and owners.
Keywords:
China,
United States,
AP,
NA,
EU,
Japan,
CHINA/US,
economy,
industry,
politics,
social,
automobile,
computers,
consumer,
corporate,
electronics,
employment,
environment,
government,
infrastructure,
investment,
manufacturing,
policy,
population,
prices,
productivity,
regional,
regulation,
road,
technology,
transport,
treaty
© Oxford Analytica 2020. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2016
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