These Are The Cars That Will Save You Money According To Bill Gates
According to Bill Gates, these are the cars that will save you money than the one you’re currently using. Even though Bill Gates probably has enough money in his piggy bank to cover all of his expenses, the multibillionaire nevertheless understands the importance of saving money. He believes that switching to self-driving cars is one method individuals can do this, albeit this will likely be several years in the future.
Cars That Will Save You Money According To Bill Gates On GatesNotes
Gates described his recent experience with an autonomous vehicle (AV) while visiting London in a blog post on his GatesNotes website. The co-founder of Microsoft also uploaded a YouTube video of the trip, which was taken in an autonomous Wayve vehicle, a British manufacturer whose cars are designed to travel anywhere. The majority of AVs are restricted to using only the streets that have previously been programmed into the navigation system.
Among Gates’ findings, “We’ll reach a tipping point within the next decade,” and “wider use of AVs is coming sooner rather than later.” In his blog, Gates also predicted that AVs “will eventually become cheaper” than conventional cars that will save you money.
“AVs will help create more equity for the elderly and people with disabilities by providing them with more transportation options,” Gates added. “And they’ll even help us avoid a climate disaster, since the majority in development are also electric vehicles.”
Report From McKinsey & Co.
The actual cost differences between regular cars and self-driving cars that will save you money will depend on a variety of factors, including what they are used for. A 2022 report from McKinsey & Co. estimated that the cost per mile of an autonomous taxi could be about 20% higher than that of a private nonautonomous car “in certain contexts, depending on use case, geography, and local conditions such as city archetype.”
At the same time, McKinsey estimated that the cost per mile for a personal (not pooled) AV-taxi trip could cost about half as much as a driver-based ride-hailing trip.
Those savings won’t come anytime soon, however. As Gates noted, widespread autonomous adoption will likely hit the long-haul trucking sector first, followed by delivery vehicles. Most consumers will probably get introduced to AVs through taxis and rental cars. Privately owned vehicles are expected to be the last to be widely adopted, experts say – partly because there will need to be an overhaul of the country’s roads and driving laws. That could be decades in the future.
Meanwhile, the technology is still a work in progress. Look no further than Elon Musk’s push for self-driving cars at Tesla, which has run into so many delays that the company is “nowhere close” to perfecting the technology, the Washington Post reported.
Still, there have been some forward steps. Last year, U.S. regulators took an important first step by clearing the way for autonomous cars to be built without steering wheels or pedals, CNBC reported.
McKinsey estimates that by 2035, more than one-third (37%) of new passenger cars sold will feature advanced autonomous driving technology that allows cars to handle most driving situations on their own, though it is unclear when laws be passed allowing them to do so on a wide scale.