Are Americans Warming Up to Self-Driving Cars?

Photo of Paul Ausick
By Paul Ausick Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Are Americans Warming Up to Self-Driving Cars?

© Thinkstock

Every major automaker has invested at least something in autonomous (self-driving) vehicles. And the number of technology companies working on self-driving systems seems to grow daily.

But where do U.S. drivers come down? If the automakers and technologists can actually deliver self-driving cars, will Americans buy them?

A new survey from ReportLinker indicates that 53% of U.S. drivers would purchase a fully autonomous vehicle the next time they buy a car. Another 34% would purchase a partially autonomous vehicle, while just 13% want their next car to be just like their current car when it comes to self-driving capability. A year ago, 46% said they would purchase a fully autonomous car next time, while 46% said they would purchase a partially autonomous vehicle and 18% wanted no part of autonomous vehicles.

Among those who would buy a fully autonomous car, more than half (59%) are women. Researchers say that one explanation for this is that just 70% of women report that they drive every day, compared to 83% of men.

[nativounit]

When asked if they would feel safe using a self-driving car, just 34% said they would while 67% said they would not.

The highest hurdle to adoption of autonomous vehicles is consumers concern for safety. The list of drawbacks to using self-driving cars includes:

  • Road safety: 36% list as a drawback
  • Acquisition cost: 18%
  • Legal liability: 10%
  • Vehicle security: 9%
  • Cybersecurity: 7%

Only 7% saw no drawbacks to using a self-driving car.

When asked which company is likeliest to create the most popular autonomous vehicles, this is how respondents replied:

  • Tesla: 19%
  • Ford: 12%
  • GM: 11%
  • BMW, Google, Toyota: 9%
  • Apple: 8%
  • Audi: 7%
  • Mercedes-Benz: 5%
  • Honda: 4%

Technology companies like Tesla, Google and Apple are more trusted to develop autonomous vehicles (30%) than are traditional car makers (26%). A government-owned car maker gets just a 2% trust rating.

Finally, 65% of U.S. consumers say they would prefer to own their own vehicles while 35% say they’d rather use a self-driving vehicle through a car-sharing service such as Lyft or Uber. Either way, however, self-driving cars would be a growth driver for makers of autonomous vehicles.

The full report includes details on the year-over-year change in consumers’ preference for self-driving cars.

[wallst_email_signup]

Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for a673b.bigscoots-temp.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

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