• Home
  • News
  • Coins2Day 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Driverless cars could mean fewer cars on the road

By
Ben Geier
Ben Geier
Down Arrow Button Icon
By
Ben Geier
Ben Geier
Down Arrow Button Icon
February 9, 2015, 4:48 PM ET
Courtesy of Google

There’s no use denying it — autonomous cars are coming. Experts says that partially autonomous cars will be on the road by 2017, and that within a decade, fully autonomous vehicles will be zooming on highways and through our neighborhoods.

When this day comes, though, what will become of the two car garage? It may not be needed anymore, according to a new study from the University of Michigan Transportation Research Institute.

The study essentially posits this: if autonomous cars become the norm, they could be shared by two people in the same household. Say Jack and Diane are married and live in the center of a medium-sized city, one where there is no major public transportation to speak of. Their self-driving car could take Jack to his job in the suburbs, then return to the apartment, where Diane would get in and be shuttled to her job in another part of town. The two no longer need their own vehicles to get to work, and can share the one autonomous car without having to deal with car pooling or going out of their way.

“This reduction in ownership and an accompanying shift to vehicle sharing within each household, in the most extreme hypothetical scenario, could reduce average ownership rates by 43% (from 2.1 to 1.2 vehicles per household,)” the report says.

As noted, though, this is just the most extreme possibility. Brandon Schoettle, the lead writer of the study, said the actual reduction in car ownership could be much less than that, depending on a few factors. For instance, states may pass laws that prohibit such an arrangement by requiring autonomous cars to only operating with a human inside.

And even though driverless cars are starting to creep into the mainstream, don’t expect this change to happen overnight. Schoettle said turning over the existing fleet of cars would take time, so any reduction in the number of cars on the road could take “decades.”

About the Author
By Ben Geier
See full bioRight Arrow Button Icon
Rankings
  • 100 Best Companies
  • Coins2Day 500
  • Global 500
  • Coins2Day 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Coins2Day Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Coins2Day Brand Studio
  • Coins2Day Analytics
  • Coins2Day Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Coins2Day
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Coins2Day Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Coins2Day Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.