Driver-less cars have been a hot topic recently as new investments and partnerships are being announced. Major automakers and tech companies, including Google, GM, Ford, Nissan, Tesla, and many more, have all entered the race to develop autonomous cars. Uber, beingĀ a major player in technology/transportation, is no exception. It believes that autonomous vehicles are the future of rideshare services.

Google has been tesGoogle_Lexus_RX450h_Self-Driving_Carting self-drivingĀ cars in California for some time. If you lived in the San Francisco bay area, it’s hard to missĀ Lexus SUVs and Toyota Priuses marked with “Google Self-Driving Car.” Last year KGO7 News reportedĀ they’ve started testing a new fleet of custom built electric cars. Although these prototypes are still limited to the streets of Mountain ViewĀ for the time being, it seems that self-driving cars will soon begin to share the road with us.

Once the rideshare companies switch to driver-less cars, what will happen to the human rideshare drivers? As an Uber, should I be worried? Will I lose my income source?

Personally, I’m not worried.

Technological advances have proven self-driving cars to be more than a concept. But putting fully autonomous vehicles on the road is another story.Ā New York Times has reported the driver of a Tesla Model S was killed when the car crashed into a tractor-trailer. The high-end electric vehicle was inĀ self-driving mode. While the incident remains under investigation, it serves as a wake-up call to those who believe the technology will go to market soon.

In the meanwhile, federal and state governments will be the ultimateĀ gatekeepersĀ as they impose new rules and regulations to the industry. Policymakers must consider the potential benefits and risks associated withĀ autonomous vehicles, and eventually lay outĀ regulatory framework and guidelines. This process alone couldĀ take years.

Uber CEOĀ Travis Kalanick conveyed a similar message at a recent TED conference.Ā “TheĀ first part is itā€™s likely to take a lot longer than you think…than the hype or media might expect. Part two is that there will be a long transition. [Driverless] cars will work in some places and not in others,” Kalanick says.Ā 

Similar to the hybrids, there will a long co-existence period for autonomous vehicles and traditional automobiles. Hybrid carsĀ were firstĀ mass produced by Toyota in 1997. Nearly two decadesĀ later, they make upĀ only a small percentage of the carsĀ on the road today. The same will apply to self-driving cars. Once they hit theĀ market, the general public must be able to accept and afford them as the norm, and this canĀ take 30 years if not longer.