Which statement is an economic impact of autonomous vehicles?

Which statement is an economic impact of autonomous vehicles?

• A. 50% cheaper transport costs
• B. Some taxi or lorry driver jobs may disappear
• C. Both
• D. Neither

Answer: (C)

Autonomous vehicles change the economy by cutting some costs and by shifting employment in transport. If vehicles can operate without a human driver, labor costs for taxi, delivery, and freight services fall, and fleets can potentially run longer and more efficiently, which can lead to lower overall transport costs. At the same time, jobs that rely on driving—such as taxi and lorry drivers—may disappear or be reduced as automation is adopted. Because both reduced costs and job displacement are plausible and widely discussed effects of this technology, the statement that captures both is the best answer. While the exact amount of cost reduction (for example, a specific percentage) can vary depending on many factors, the general economic impacts described are real.

Autonomous vehicles change the economy by cutting some costs and by shifting employment in transport. If vehicles can operate without a human driver, labor costs for taxi, delivery, and freight services fall, and fleets can potentially run longer and more efficiently, which can lead to lower overall transport costs. At the same time, jobs that rely on driving—such as taxi and lorry drivers—may disappear or be reduced as automation is adopted. Because both reduced costs and job displacement are plausible and widely discussed effects of this technology, the statement that captures both is the best answer. While the exact amount of cost reduction (for example, a specific percentage) can vary depending on many factors, the general economic impacts described are real.