Auto market will shrink as self-driving cars gain: BoE

Self-driving vehicles could lead to a decline of as much as 41
percent in the £15.6bn ($19.3bn) UK auto insurance market, a
Bank of England study speculates, while commercial and product
liability claims may increase as proportionally more accidents are
blamed on equipment or software failure.
How rapidly the changes take place depends on several factors,
including how quickly demand grows for autonomous vehicles (AVs)
and the pace of infrastructure alterations needed to accommodate
the sh