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Small minority of cars will be driverless in 2030

Buffett2016-02-29interviewOpen original ↗

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SpeakersQuestioner2Warren2
QuestionerIf driverless cars are driving everybody around, what would you do? How do you evolve in a situation like that?
WarrenWell, the only way they'll be driving everybody around is probably if they're regarded as a lot safer. And we'll find that out as we go along. There have been faster advances in this than I would have expected a few years ago.
QuestionerYeah, I would say that.
WarrenBut I would also say, if you asked me to take the over or under on 2030, what percent of the cars on the road in the United States are driverless, I would take the under on 10%. But I may be wrong. There's a long bot longbets.com you can go to on the Internet, and you can make a bet on something like that, as I did on the hedge fund bet. But I would take under 10%, but I may be wrong. And there's no question if you have 50% driverless cars or 75% driverless cars, the premium, auto premium volume would be very likely be far less. And probably the dealership arrangements in the United States would be change in some way that's hard to predict.