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Self-Driving Cars Are Coming Fast, and They’re Likely To Be Electric

Michael Chui, principal at the McKinsey Global Institute said, “We’re seeing striking advances in autonomous vehicles.” Speaking at an Atlantic magazine roundtable breakfast forum in New York October 28, Chui said that cars that drive themselves are one wave of the future. He estimated that self-driving vehicles traveling in a closely spaced convoy could result in 15 to 20 percent fuel-efficiency gains. Carbon emissions could be reduced by 300 million tons per year.

McKinsey’s new “Disruptive Technologies” study, authored by Chui and others, said that 1.5 million driver-caused deaths from car accidents in 2025 are “potentially addressable” by autonomous vehicles. In that same year, self driving technology could be worth between $100 billion and $1.4 trillion, the group’s study said.
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