Study on the Impact of Autonomous Driving Technology on the Economy and Society

Department of DAN Management, Western University, London, Canada

^* Corresponding author: qwang792@uwo.ca

Abstract

With the rapid development of the digital economy, autonomous driving technology, as a critical area of future transportation, is gradually transforming traditional transportation models and urban operation methods. This paper uses Baidu’s “Apollo Go” as an example to explore the impact of autonomous driving technology on the ride-hailing market, related industries, financial markets, and environmental protection. It also analyzes the employment impacts, safety risks, data privacy, and ethical challenges this technology brings. Through an in-depth study of the current application, market reactions, and social acceptance of autonomous driving technology, this paper concludes that while autonomous driving has significant potential to improve transportation efficiency, reduce costs, and lower carbon emissions, it also faces challenges such as labor market transitions and safety concerns. The paper suggests that the future development of autonomous driving technology depends on policy support, technological innovation, and social acceptance, and its widespread adoption will help promote the construction of smart cities and sustainable development.