In a popular video, Youtuber GCP Grey makes the claim that autonomous vehicles (AVs) will solve traffic jams. Whilst the basic logic underlying his claim is accurate, it couldn’t be further removed from the truth because it utterly ignores externalities. As does this laughably inaccurate article from 2016 that claims we’ll only need 15-25% of our current number of cars after AV technology becomes widely adopted. GCP Grey’s claim is essentially that AVs can react faster than humans and communicate with one another, and therefore they can travel on roads more efficiently. This is true, but there are some issues with this that…
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