Driverless cars are coming to the UK – CNBC
Samuelsson doesn’t expect all drivers to switch to self-driving cars. He said the market will be mixed between autonomous and manual cars as many people enjoy the driving experience, but believes self-driving cars will appeal to commuters.
“Sitting an hour a day going to work in congestion, maybe it’s not that amusing,” he said. “I don’t think it’s very exciting sitting in a queue and that’s exactly the situation where I think there is a commercial need or desire for such a product.”
In a press release published this week, Volvo warned the car insurance industry that autonomous cars will wipe away huge sources of revenue. They predicted that the number of car crashes will drop 80 percent by 2035 and premiums will reduce by $20 billion globally by 2020.
“The medium to long term impact on the insurance industry is likely to be significant. But let’s not forget the real reason for this – fewer accidents, fewer injuries, fewer fatalities,” Samuelsson said in the press release.