Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Axios on your phone

Get breaking news and scoops on the go with the Axios app.

Download for free.

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Illustration: Rebecca Zisser/Axios

Few changes in modern life will hit in more radical ways than how we get around.

Already, people are abandoning cars for ride-hailing and tooling around on electric scooters. Computer-assisted driving is giving way to prototype autonomous vehicles that share the road in some cities with pedestrians, bicyclists and traditional vehicles.

The big picture: The vision is that driverless cars will chauffeur you anywhere while you relax, work or socialize. The reality is that while 99% of routine driving skills have been relatively easy for robots to achieve, the last 1% haven't — and those are crucial for safety and consumer trust.

The allure of autonomous vehicles is that they're expected to cost less per mile, result in fewer traffic deaths and provide greater freedom to the elderly and disabled. When will they arrive? 10, 20, 50 years — experts debate the timing.

Execs are trying to lower expectations:

  • After promising a Tesla would drive itself across the country by the end of 2017, the company recently removed “full self-driving mode” from its pre-order options, with CEO Elon Musk admitting it confused consumers to offer a feature that wasn't ready yet.
  • Aurora Innovation, led by former execs from Google, Tesla and Uber, urged the industry to tone down its bullishness and “be more truthful about our capabilities,” reports the Washington Post.
  • Even the CEO of Waymo, which is getting ready to launch the nation's first commercial robo-taxi service in sections of Phoenix by year-end, says privately owned self-driving cars will take “longer than you think."
"Technologically speaking, there doesn't appear to be a showstopper out there. This is all about learning cycles now.”
— Larry Burns, author of "Autonomy: The Quest to Build the Driverless Car — and How It Will Shape Our World"

What's holding back the industry: The technology requires more intensive testing and development to be able to predict how other cars will behave — and surpass humans at driving. Safety regulations need to catch up with technological innovation. And legal questions need answering, such as who is to blame if an AV causes an accident?

"We understand if we're going to deploy hundreds or thousands of automated vehicles, it has to work in every case."
— Sherif Marakby, CEO of Ford Autonomous Vehicles

None of this has changed the minds of investors. They are pouring in cash, and company valuations are getting frothier.

"The $4 trillion disruption": That's how Burns, a former GM engineer and now Waymo adviser, describes what's happening. Here is how he crunches the numbers:

  • Americans travel more than 3 trillion miles a year.
  • The total cost of owning and operating a car is about $1.50 a mile.
  • Even with the added cost of AV technology, a driverless car costs only about 20 cents a mile.
  • A driver could save $5,625 a year using a shared driverless electric car instead of a privately owned vehicle.

The economic impact is likely to be large, but not immediate. Autonomous vehicles could add $800 billion to the U.S. economy by 2050 and create jobs that may, over time, replace those lost by truck drivers, according to Securing America's Future Energy.

Where it stands: Active safety technology in today's cars warns of unseen dangers, guides drivers back on course and helps them brake in emergencies. And studies show these systems are making us safer:

Unfortunately, those safety benefits are offset by a rise in distracted driving, which is why the quest toward fully autonomous cars continues.

Go deeper:

Go deeper

More than a dozen injured in downtown Austin shooting

Police tape in Austin, Texas in 2018. Photo: y Carolyn Van Houten/The Washington Post via Getty Images

A shooting in a busy part of downtown Austin, Texas, early Saturday injured at least 13 people, including two who are in critical condition.

The state of play: Gunfire erupted around 1:30 a.m. along 6th Street, a popular area with bars and restaurants. The suspected shooter remains at large, Austin police said. "It is unknown if there is one, or multiple suspects involved," they noted, adding the shooting appears to be an isolated incident.

Biden to urge G7 to take unified approach to countering China

Photo: Hollie Adams/Bloomberg via Getty Images

President Biden on Saturday is expected to urge fellow G7 leaders to adopt a unified approach to countering China's rising global influence, AP reports.

Driving the news: The G7 leaders are set to unveil a multi-billion-dollar global infrastructure plan aimed at rivaling Beijing's efforts in the developing world.

Why America's post-vaccine summer is off to a slow start

Illustration: Sarah Grillo/Axios

Americans are itching to put pandemic life behind them, but many of the necessary ingredients for a summer of carefree fun — everything from neighborhood pools to car rentals — still aren't fully available.

The big picture: Labor shortages, scrambled supply chains and simple logistics are all making it harder for a whole range of businesses to meet post-pandemic demand, and that’s making “hot vax summer” a little harder to pull off.