Bad News for Google and Tesla: People Don’t Want Self-Driving Cars

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Bad News for Google and Tesla: People Don’t Want Self-Driving Cars

© Wikimedia Commons (Steve Jurvetson)

People don’t want self-driving cars. They are, in the view of many drivers, dangerous. As a matter of fact, the majority of drivers would like to continue to drive their cars themselves. This is bad news for Alphabet Inc. (NASDAQ: GOOGL), Tesla Motors Inc. (NASDAQ: TSLA) and many other manufacturers that believe “self-driving” is critical their futures.

Alphabet’s Google is the large company that has made the most progress in driverless technology, and it may have invested the most money. Its Google AV (autonomous vehicle) already has been driven on streets and highways. Tesla has based its future appeal on self-driving cars as much as electric ones.

A new study, “Motorists’ Preferences for Different Levels of Vehicle Automation: 2016” conducted by the University of Michigan Sustainable Worldwide Transportation found the following:

This report builds on our recent series of eight reports addressing public opinion, human
factors, and safety-related issues concerning self-driving vehicles. An identical survey to that used in
2015 was administered. The survey was developed to examine motorists’ preferences among levels of
vehicle automation, including preferences for interacting with and overall concern about riding in self-driving vehicles. The survey yielded completed responses from 618 licensed drivers in the U.S.

The main findings are as follows:

  • The most frequent preference for vehicle automation continues to be for no self-driving
    capability, followed by partially self-driving vehicles, with completely self-driving vehicles
    being the least preferred choice.
  • Concern for riding in self-driving vehicles remains higher for completely self-driving vehicles
    than for partially self-driving vehicles.
  • Respondents still overwhelmingly want to be able to manually control completely self-driving
    vehicles when desired.
  • Preferences were generally divided between touchscreens or voice commands to input route or
    destination information for completely self-driving vehicles.
  • Most respondents prefer to be notified of the need to take control of a partially self-driving
    vehicle with a combination of sound, vibration, and visual warnings.
  • Overall public opinion has been remarkably consistent over the two years that this survey has
    been conducted. The general patterns of responses have not changed over the course of these
    two surveys, despite the increased media coverage of self-driving vehicles.

[nativounit]
For the time being, Google and Tesla appear to be investing in a future that may not come.

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618