What Alphabet Inc (NASDAQ:GOOG) Wants The Government To Do About Driverless Cars

Alphabet Inc (NASDAQ:GOOG) is one of the companies behind the most advanced self-driving car project. The company feels the environment of testing and deploying driverless vehicles is still far from conducive. It wants the government to streamline regulation of self-driving cars and accelerate approval of rules that will allow them to hit the road faster.

Alphabet’s head of self-driving car project, Chris Urmson, was testifying before the Senate commerce committee. His prepared statement outlined issues he wanted the government to address to speed up bringing of self-driving cars to the road. Urmson’s statement also sought to bring out the benefits of self-driving car to the government and taxpayers.

Cost-saving opportunity

If driverless cars are allowed to take over the roads, Alphabet Inc (NASDAQ:GOOG) sees the government making huge financial savings in spending relating to public transport.

For example, Urmson says that supporting self-driving cars will lower the cost burden associated with public transport systems such as trains and buses. Additionally, costs of maintaining roads will also drop.

Highway safety

The other benefit that Alphabet Inc (NASDAQ:GOOG) sees in driverless cars is that they will help improve highway safety. Google’s self-driving cars have been undergoing road tests at they have proven to be far safer than their human-driven peers. Although they have been involved in a number of accidents, the accidents have been minor and most of them were caused by human drivers not the robots driving the cars.

Parking efficiency

With self-driving cars, Alphabet sees an opportunity to free up parking infrastructure. Alphabet’s Urmson claims that parking spaces in the U.S. take up an area equivalent to the size of Connecticut.

Safety concerns over autonomous cars

As much as Alphabet Inc (NASDAQ:GOOG) and other automakers are pitching to the government in favor of fully autonomous cars, robotic experts have reservations. They believe that driverless cars are not ripe for the road as Google and others claim. For example, they claim that such cars still cannot handle bad weather and sudden downpours in an efficient manner.

Neha Gupta

Neha Gupta has been in the financial space for over six years now. Gupta earned her MBA degree from Symbiosis Centre of Distance Learning in 2009 and her passion for finance led her to pursue Chartered Financial Analyst (CFA) course. She has successfully completed Level II of her CFA. She is a veteran in article writing, which is depicted in her numerous pieces published on SeekingAlpha, Nextiphonenews, InsiderMonkey, MarketWatch, and Techinsider. Her crisp and eloquent writing finds its best place in Researchcows, where emphasis is given on developing rich content for various websites, products, business plans, trainings, and book writing.

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