Super-Cheap Driverless Taxis May Kick Mass Transit to the Curb - Bloomberg

Super-Cheap Driverless Taxis May Kick Mass Transit to the Curb - Bloomberg

• Computers replacing drivers faster than industry expected
• Autonomous taxis one-quarter the price of New York cab ride

More than 150,000 people earn their living driving taxis and limousines in New York City, accounting for 4 percent of employment.



...Once companies work out the kinks, they say driverless technology may make traffic accidents nearly nonexistent. Computers don’t fall asleep at the wheel, get drunk or text while driving. Electric automated vehicles could reduce smog and greenhouse gases. Lower-priced taxis, meanwhile could make bus and train stations more accessible for suburban commuters, boosting mass transit ridership. ...