Car Deals from Cars and Money

Driverless Cars Not For Me

If you are looking forward to a time when your driverless car comes to pick you up from the pub – you may be in a minority.

Recent research conducted for The Times seems to suggest the general public are a bit less keen than the Government.

The study shows that most people are not keen on the idea of driverless cars and would certainly not pay more for one.

This is not that surprising really as driverless cars are not fully developed yet and not road legal. So you would have to be out of your tiny mind to want to buy one now.

The surprising thing in the study is that more than one third of those surveyed would buy a driverless car – presumably when they are fully developed.

It actually doesn’t matter what the public thinks as hundreds of millions of pounds have already been committed to invest in and expansion of electric charging points. This will create the infrastructure for electric and driverless vehicles alike.

The reality is that in time you will not have a choice – every vehicle will be electric and driverless.

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taken from the Times – requires rewording

Plans to make the UK a world centre for driverless cars are a “waste of time and money” as research suggests that the public believes they are unsafe.

In November Philip Hammond, the chancellor, announced plans to invest hundreds of millions of pounds to upgrade electric car charging facilities, which would accelerate the take-up of autonomous cars

Research conducted for The Times suggests that almost two thirds of motorists would not buy a driverless car and almost one third would not pay extra for one. Three quarters are not confident that driverless cars will be safe to use and the risk of being hacked is their biggest worry

The study also shows that the public doubts the benefits of the cars and suspects the motives of the industry.

Two thirds said that driverless cars would be bad for society, and most were worried about the implications for jobs.

More than half thought that car makers were investing in the technology only out of greed and 60 per cent said that they were not doing enough to make the cars safe. In 2016 a man in Florida was killed when the autopilot on his Tesla failed to spot a lorry that was the same colour as the sky.

Christian Wolmar, a transport analyst, who has written a book on the subject, said: “There is no demand for driverless cars, they are not something we need or want. The whole concept that we will end up with shared electric pods that will take us anywhere ignores the day-to-day experience of most people.

“That kind of transport might be all very well for central London but if you live five miles out of Woking you will not have a driverless pod waiting to pick you up. Even if there was one near by your neighbours might have taken it and you will have to wait half an hour for another to poodle along.

“There are so many examples of dead transport ideas because the technology doesn’t work, at least not at the right price and there is not the infrastructure in place. The government would do much better to invest in basic technology like improving the railways or making buses more efficient than spending on a concept that is completely unproven and I think unworkable.”

Critics also question how driverless cars would be able to cope with rain, uneven road markings or traffic jams. The basic question of how a driverless car would tell traffic from a line of parked cars, has yet to be satisfactorily answered, they say.

Simon McCulloch, of comparethemarket.com, which conducted the survey, said: “It seems that many people aren’t yet ready to take a leap of faith. It is surprising that so many people are adamant that they would never buy one, suggesting that the government and motor industry have a long way to go before convincing people of the merits of an autonomous future. Cyberhacking is clearly a huge concern amongst drivers, so combatting this issue will be almost as important as demonstrating the safety of the cars.”

Mr Wolmar added: “These technology companies have too much money and that is why they are investing in these fanciful ideas. They also appear to have the government wrapped around their little fingers. They don’t pay their fair share of tax and now have persuaded the chancellor that driverless cars are the next big thing when there is no demand for it.”

Goods Mortgages Bill

Following the June 8th General Election the new government announced in the Queen’s speech something called a Goods Mortgages Bill.

This bill is a well meaning attempt to make things easier and clearer for folk borrowing on the value of the asset they are buying. For example borrowing the value of car, secured on the car.

It has not really made a splash in the news coming in under the radar of in a world full of war, Brexit, catastrophes and terrorist atrocities. However it is rare bit of good news for the general public – so here are the major points.

Major Points

The bill is intended to update legislation originally formulated in the Victorian era.

It will provide better protection for those who borrow secured on an asset while at the same time reduce some of the paperwork for the lending companies.

This will be a neat trick as making things safer for the borrower usually adds to the paperwork for the lender. The main benefit to the lender seems to be the removal of the need for high court registration and associated costs per sale which can run from ÂŁ480 to ÂŁ1,735.

It also is intended to make the borrowers better informed, which again would normally increase paperwork and lengthen the process. So we will have to wait and see.

One exciting element is creating new opportunities for small business people to use existing assets to raise finance. This is of course currently possible, but making it easier could be very helpful for many.

For those hitting financial difficulties during the term of the loan there will be additional safeguards. One is to force a court order to be raised before repossession if more than a third has been paid off. The other is making it easier to just hand the asset back if things become unaffordable.

There will also be protection for those not involved in the deal at all. For example protection for someone innocently buying a car that has finance on it.

In line with this added protection will be increased penalties applied to people who knowingly sell a vehicle with outstanding finance secured on it.

Timeline

It is too early to know exactly when this bill will become law, but it would seem to be relatively uncontroversial, so should squeak through if the Government survives.

We will of course keep you posted, with news of the bill as it progresses.