Drive less – live longer?
Traffic jams, road rage, and the huge amount of wasteful, unproductive time spent driving to and from work all contribute to increased stress. So, what if there was a solution to these stressful components of our daily lives – wouldn’t that be worth a lot? Would it not contribute to increased overall health and longevity? The solution may be close at hand with the autonomous vehicle (AV), especially when we consider the constantly increasing commute times, the increasing amount and complexity of city traffic, and the ever-increasing safety of self-driving vehicles.
According to the US Census Bureau, the average, one-way commute time is 26.1 minutes. If you commute to a full-time, 5-day-a-week job, roundtrip that adds up to 4.35 hours a week and over 200 hours (nearly nine days) per year per commuter. Add in other times people spend in traffic, such as running errands and chauffeuring children, it is estimated Americans spend over 25 billion hours in traffic overall, so the potential to repurpose driving hours is huge. The drive to work in an AV can be relaxing and productive, using the time to read, compute, sleep, or anything else that you can’t do now while driving the car.
On the safety front, AV’s are being targeted to be 99.9% safer than human drivers. Already they have a braking response time of about 1 millisecond, whereas humans have a 1 second response time. That is a big difference and can be life saving. Globally we have over 1 million traffic crash deaths every year, and up to 50 million injuries. The AV of today can already navigate effectively in virtually every traffic situation, but the future will be even better, as the AV systems and networks are built to learn as they go, from their own AV data and from the data of all the other AV’s on their network.
Several companies are investing heavily in AV development. The key component to win the global AV competition is data, as data is what’s needed for these Artificial Intelligence (AI) systems to learn and continue to learn – – so the company with the most data does best. Each company has partnered with several auto makers to ensure that the current automobile market players are in step with AV developments, as the AV is sure to disrupt the auto industry. Keeping the car buying public up to date is also important, in order to spawn a successful transition to AV’s. Trusting an advanced AI system to drive you to work in an AV, or drive your kids to their soccer game might sound like a leap of faith today, but as the evidence comes in and AV safety is confirmed, who would say “NO” to less stress, fewer injuries, and a longer life.
Bottom line is this is a massive new market, conservatively estimated to be over $6 trillion. Trend Disruptors Premium is monitoring these developments and has just sent out a new recommendation to subscribers that the team feels could be a huge winner in this AV space.
The current Trend Disruptor Premium portfolio contains 9 stocks counting today’s recommendation and the average return is a very respectable 21.11%, especially impressive given that most of those recommendations are less than 6-months old.
If you are not yet a subscriber to Trend Disruptors Premium but would like to be, we are offering a great Special Offer. TD Premium is regularly $599.95, but this week only…$399.95.
Stay tuned …