All automobile manufacturing companies, Google and Microsoft have announced\nrecently their production of the Fully Automated Autonomous Vehicles\n(FAAVs), otherwise known as driverless cars. A few FAAVs would be\navailable in the market as early as in 2018, but mostly in 2020�s. When FAAVs\nwill be available to and become affordable by the average consumers, the implications\nto the society would be far reaching. The purpose of the paper is to\nexamine the prospect of the popularity of FAAVs and their socio-economic\nimplications to the future society of the World. The paper examines potential\nimpacts on selected sectors of the society including changes in demand for\nautomobiles, its impact on the use of oil, on the environment, and on urban\nland uses, to list a few.
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