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That seems fair: driving is effectively subsidized by at least a trillion dollars a year by not requiring drivers to pay the full cost for collisions, and cars
by acdha 2y ago
That seems fair: driving is effectively subsidized by at least a trillion dollars a year by not requiring drivers to pay the full cost for collisions, and cars have a service lifetime measured in decades so even if the industry figures aren’t exaggerated that should pay for itself:
https://www.economist.com/united-states/2024/01/18/why-car-insurance-in-america-is-actually-too-cheap https://www.economist.com/united-states/2024/01/18/why-car-i...
I suspect the industry figures aren’t exaggerated that highly exaggerated both because of the political angle and because it’s an unsourced claim with a big range ($200 to >$4,200) with some of the concerns stemming from the need to have faster processors and better sensors which they’d almost certainly be doing anyway since everyone wants to sell driver assistance features.