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Self-driving taxis will cut accidents by 90%

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A recent report has revealed that the widespread adoption of autonomous cars and taxis could lead to a revolutionary transformation of cities.

Widespread urban adoption of self-driving vehicles (SDVs) and “robo-taxis,” or self-driving taxis, could result in a 60% drop in the number of cars on city streets, an 80% or greater decrease in tailpipe emissions, and 90% fewer road accidents, according to a new report by The Boston Consulting Group (BCG) prepared in collaboration with the World Economic Forum.

Self-Driving Vehicles, Robo-Taxis, and the Urban Mobility Revolution, released today, builds on earlier research by BCG and the World Economic Forum, including a survey of more than 5,500 consumers in ten countries—the largest global survey on SDVs to date. The report examines four potential scenarios for SDVs in an urban context and describes the possible impact of each one. While broad consumer adoption of SDVs—to which BCG’s research shows there are few barriers—would by itself lead to significant disruption, the real revolution in urban mobility will come with widespread adoption of robo-taxis.

“There is a compelling case to be made for SDVs in cities,” said Nikolaus Lang, a BCG senior partner and report coauthor. “Ride-shared, electric robo-taxis can substantially transform and improve urban transportation and, by direct extension, livability, by providing more people with easier access to mobility, making streets safer, and freeing up space no longer needed for parking. The major players—industry, consumers, and policymakers—are excited and engaged.”

Some 58% of consumers in cities around the world are open to trying out SDVs. Willingness is highest among younger consumers: 63% of those aged 29 or younger are willing to ride in a fully self-driving car, compared with 46% of consumers aged 51 or older.

Acceptance of SDVs is highest in emerging markets. In India, for example, willingness is 85%, while consumers in Japan and the Netherlands are most reluctant (36% and 41%, respectively). Consumers cite the convenience of parking assistance and an increase in productivity while traveling as the top two reasons for interest in SDVs. When asked who should produce SDVs, almost 50% of respondents look to traditional-car manufacturers. Trust in automakers is highest in France, Germany, and Japan; it is weaker in India, the US, and China, where tech companies have high visibility.

Although few consumers have even seen an SDV, their expectations for how SDVs will differ from traditional cars are quite specific. More than 35% expect SDVs to be hybrid vehicles, and another 29% anticipate that they will be electric.

Many consumers are willing to pay a premium of $5,000 or more for a fully self-driving car. In France, India, and Japan, every second consumer is ready to pay more for an SDV. This willingness to pay extra is driven by an economic logic that balances the incremental cost against potential cost savings in other areas, such as lower parking fees, fuel savings, and even lower housing costs if it becomes more convenient to live farther from the more expensive city core.

The research also involved in-depth interviews with 25 urban policymakers in 12 cities. Some 60% of these policymakers expect that by 2025, at least one city will have banned traditional-car ownership, partly as a result of robo-taxi fleets. Another 24% believe that this will happen by 2030. In terms of operating robo-taxi fleets, policymakers clearly see the private sector in the lead and envision a multiplayer setup rather than a monopolistic structure. Numerous trials involving SDVs are already underway in cities as diverse as Singapore, London, and Gothenburg. Gothenburg is currently planning to launch a pilot of 100 SDVs on its ring road in 2017.

In addition to conducting research with consumers and city policymakers, BCG and the World Economic Forum developed four comprehensive scenarios—based on autonomous technology, ride sharing, and electrification—for the city of the future. Here are the scenarios, in order of potential impact:

The Premium Car That Drives Itself. SDVs complement the existing mobility landscape as high-end offerings. This results in a small reduction (about 1%) in the number of vehicles on the streets through limited sharing of self-driving vehicles and fewer accidents—a drop of almost 20%—because SDVs, without human error as a risk factor, are much safer.

SDVs Rule the Streets. In this scenario, SDVs replace most traditional cars but are still primarily privately owned. One in ten SDVs is shared by multiple individuals, and the total number of cars in the city falls by 8%. The number of accidents drops by 55%, and there is a 5% increase in freed-up parking space.

Robo-Taxis Take Over. Robo-taxis are the primary mobility option in the city. The biggest change is a nearly 50% decrease in the number of cars as consumers abandon privately owned vehicles for shared robo-taxis. There are almost 90% fewer accidents, and nearly 40% of parking space is freed up.

The Ridesharing Revolution. Shared robo-taxis are the main mobility mode. Every self-driving taxi now averages 2 passengers instead of the 1.2 assumed to be the average occupancy previously. Ridesharing frees up more parking space (54%) and further lowers the number of cars needed to provide the same level of mobility to the population (59%). Accidents decrease by 87%.

“No single scenario will play out exactly as described, but our analysis makes it clear that the potential benefits for society are huge if SDVs are combined with ride sharing and electrification,” said Michael Rüßmann, a BCG senior partner and report coauthor. “A power train shift from internal-combustion to electric engines is essential if cities want to cut tailpipe emissions, and ride sharing in urban areas is required to reduce the number of vehicles that are on the streets at any given time. Autonomous capabilities are the key to big improvements in road safety. These three factors—ride sharing, autonomous driving, and electrification—reinforce each other to facilitate fast adoption.”

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Black Friday, Cyber Monday, shot the lights out

The numbers are in, and it shows that the start of holiday season shopping in South Africa saw spectacular growth

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Black Friday and Cyber Monday continues to be a hit in South Africa, with both days exceeding expectations.  

“Black Friday did not disappoint,” says Solly Bellingan, head of customer relations at BankservAfrica. “Despite the tougher economy, it seems South Africans took advantage of the days’ special deals with in-store and online transaction volumes reflecting strong year-on-year growth. Both days have certainly made their mark amongst local retailers and shoppers,

South Africans shopped up a storm with the total number of Black Friday transactions processed by BankservAfrica, in-store and online, at 7,077,117 (*) in 2019 – 36% up from 2018’s 5,204,594. This translates into a total spend of R6-billion, an impressive 106% increase on 2018’s R2.9-billion.

When compared to 2018, it seems bargain hunters decided to get the best deals early with a 33% year-on-year increase in sales at midnight. The 12-hour period between 06:00 and 18:00 proved to be busiest, with similar volumes being processed each hour. The highest number of transactions processed in a 60-minute period was between 10:00 and 11:00 at a volume of 595,792.

“3D-Secure, our online card authentication service, i.e. transactions that require a one-time pin(**), showed steady growth this year with a 32% year-on-year increase on Black Friday and transaction volumes  reaching a total of  534,828,” says Bellingan. The busiest shopping times were between 09:00 and 10:00 in 2019 compared to the earlier start in 2018 at 08:00 to 09:00

“The most expensive online transaction recorded on Black Friday was for a hospitality purchase of  R10,067,400 by an international company. The most uses by one card was 83. During peak, we processed  717 transactions while the average was 371 per minute for the day.”

Cyber Monday was less active than Black Friday with a 42% growth in online transactions that reached a volume of 249,908 in 2019 (up from 176,595 in 2018). However, in both years, most of the transactions took place between 10:00 and 11:00, with the most expensive being R1,997,800 and 151 uses by one card. The highest average transactions per minute was 322 at peak and 173 per minute for the day.

“This year’s Black Friday and Cyber Monday data mirrors the global data of record-breaking sales – and the BankservAfrica featured figures are only a portion of the entire sales figures for both days,” says Bellingan. “It will be interesting to see if these manage to outpace festive season spend this year.”

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Amazon records biggest ecommerce day ever

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Image from www.quotecatalog.com

Amazon has announced that Cyber Monday was once again the single biggest shopping day in the company’s history, based on the number of items ordered worldwide. Customers all around the world shopped at record levels across a wide selection, with hundreds of millions of products ordered worldwide between Thanksgiving and Cyber Monday, alone. Customers purchased millions more Amazon Devices compared to the same period last year in Amazon’s Stores globally and the best-selling items were Echo Dot and Fire TV Stick 4K with Alexa Voice Remote.

“We’re focused on making this holiday season more convenient than ever for our customers, especially given how short this holiday shopping season will be,” said Jeff Wilke, CEO Worldwide Consumer, Amazon. “We are thrilled that customers continue to come to Amazon in record numbers to discover what they need and want for the holidays. Thank you to our customers and employees all around the world for making this holiday shopping weekend the best yet.”

Holiday Weekend Highlights:

  • Customers worldwide purchased more toys this Black Friday and Cyber Monday combined than ever before. Among the tens of millions of toys purchased during this time period, best-sellers included LEGO Star Wars Darth Vader’s Castle, Monopoly Game: Disney Frozen 2 Edition and Hasbro games such as Jenga, Guess Who and Candy Land Kingdom of Sweet Adventures.
  • Cyber Monday was the single biggest shopping day for Amazon Fashion worldwide, with more items purchased than any other single day in the company’s history. Best-sellers included Carhartt Men’s Acrylic Watch Hat and Champion Men’s Powerblend Fleece Pullover Hoodie.
  • Amazon customers worldwide ordered more than 25 million home items on Black Friday and Cyber Monday, combined.
  • Best-sellers on Black Friday in the U.S. included Echo Dot, Fire TV Stick with Alexa Voice Remote, Instant Pot Duo80 – 8 Quart, 23andMe Health + Ancestry Service: Personal Genetic DNA Test, L.O.L. Surprise! Winter Disco Bigger Surprise and iRobot Roomba 675 Robot Vacuum.
  • Customers worldwide purchased more than four million beauty products this Cyber Monday compared to last year, with best-sellers including Oral-B Genius Pro 900 Electric Toothbrush, Lagunamoon Essential Oils Top 6 Gift Set and L’Oreal Paris Voluminous Makeup Lash Paradise Mascara.
  • Top-selling categories worldwide include Toys, Home, Fashion and Health and Personal Care.
  • The best-selling products in Amazon’s Stores on Cyber Monday in the U.S. included Echo Dot, Fire TV Stick with Alexa Voice Remote, Play-Doh Sweet Shoppe Cookie Creations, Keurig K-Cafe Coffee Maker and LEGO City Ambulance Helicopter 60179 Building Kit.
  • Independent third-party sellers in Amazon’s Stores — mostly small and medium-sized businesses – sold more items during Cyber Monday 2019 than any other 24-hour period in the company’s history.
  • For the third year in a row, Whole Foods Market broke its all-time record of turkeys sold during the Thanksgiving season.
  • Amazon delivered millions of grocery items to Prime members in the U.S. through the five days between Thanksgiving and Cyber Monday. Best sellers from Amazon Fresh and Whole Foods Market delivery included Honeycrisp apples, lemons and avocados.
  • Top selling items at Amazon Books and Amazon 4-star stores over the holiday weekend included the Amazon Smart Plug, Echo Dot and All-New Echo Dot Smart Speaker with Clock, L.O.L. Surprise! Dolls, Wrecking Ball (Diary of a Wimpy Kid Book 14), and the Wyze Cam 1080p HD Indoor Wireless Smart Home Camera with Night Vision.

Record-Breaking Weekend for Devices

  • Shoppers purchased a record number of Amazon Devices globally this holiday weekend.
  • Amazon customers worldwide purchased millions more Amazon Devices, compared to the same period last year in Amazon’s Stores globally, including Echo devices, Fire TV devices, Kindle devices, and Fire tablets.
  • It was a record-breaking holiday shopping weekend for smart home devices in Amazon’s Stores globally with shoppers purchasing millions of smart home devices, including iRobot Roomba 675 Robot Vacuum, Furbo Dog Camera, and Wemo Mini Smart Plug.
  • The best-selling products in Amazon’s Stores globally were Echo Dot and Fire TV Stick 4K with Alexa Voice Remote.

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