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Self Driving Cars

Self-driving cars are revolutionizing transportation and creating significant financial implications. These vehicles promise reduced costs for ride-sharing and logistics companies by eliminating driver expenses. For consumers, they can lower insurance premiums due to enhanced safety features and fewer accidents. However, the upfront development and adoption costs are high, requiring substantial investment from automakers, tech firms, and governments. The shift may also disrupt traditional car ownership models, leading to increased demand for subscription services. Moreover, industries like insurance, energy, and real estate could see transformative impacts, as autonomous cars influence accident claims, energy consumption, and urban planning dynamics.

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