There are a lot of companies that are investing billions of dollars in the development of self-driving cars. There are reasons for this. Self-driving cars could be safer, and they could eliminate traffic with fewer cars on the roads. I believe that it is inevitable that this technology will come.

    The question is when will all of this happen? There are those who think it could happen in the next few years. Others believe it could take decades. One recent gone-viral prediction comes from Bob Lutz, a former top executive at General Motors. In an essay for Automotive News, Lutz wrote that “in 15 to 20 years — at the latest — human-driven vehicles will be legislated off the highways.”

    There are good reasons for driverless cars. One, adoption of driverless cars could reduce automobile highway deaths by 90%, saving possibly 1 million lives per year. Two, think how driverless cars will help the elderly and disabled. Third, there would be shorter commute times and that would save us all time.

    At Wasatch Peaks, we have to try to forecast how we might be effected by this technology. Will there be fewer people wanting vehicles? There are fewer people getting drivers licenses, more people are using rideshare services, and younger consumers have less desire to own big-item tickets such as cars. We have so many things to consider as we look into the future. Not only for us, but for you as well.

    Blake-Burrell-Signature copy

     C. Blake Burrell

    President/CEO

    Wasatch Peaks

    Written by Wasatch Peaks